According to USGS, U.S. gold production declined 11% in October compared to same month last year.  This was due to lower seasonal production in Alaska and lower grades at Rio Tinto’s Bingham Caynon Mine in Utah. U.S. gold production in October was 16.8 metric tons (mt) compared to 18.9 mt…
Here are the SRSrocco Report top articles for 2014. The article with the highest amount of views was Precious Metals Prices To Rise As The U.S. Economy Disintegrates, and the one that scored the best in the Social networking category was GERMANY: Renewable Energy Policy, “Complete Failure”… Bring On The…
Global silver mine supply this year may turn out to be less than the official estimates. GFMS released their 2014 Interim Report stating world silver mine supply is forecasted to increased 3.5% to 868 million oz (Moz) in 2014. They included a world map in their report showing the net…
With all the third-quarter results finally out, the top primary silver miners as a group lost money producing silver at $19 an ounce. This is not good news as the current price of silver is nearly $3 lower. I would imagine the fourth quarter will be extremely painful for the…
According to GFMS, the world is expected to see a peak in silver mine supply in the next 2-3 years. This statement including this year’s supply and demand statistics were released in the GFMS 2014 Silver Market Interim Report for the Silver Institute. GFMS states the reason for the peak…
Kevin Crowley (Bloomberg) – Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg…