In order to weather the manipulated low paper price of silver, the primary miners cut costs, reduced exploration and capital expenditures. Utilizing these cost cutting measures, the top primary silver miners as a group managed to pull off a small gain even though the average price of silver was only…
In order to survive in a manipulated low-price environment, the gold producers resorted to “High-grading” some of their mines. By high-grading, the mining companies target higher ore grades in their operations to produce more metal while lowering costs. Unfortunately, this short-term band-aid comes at a cost. When the mining companies…
Due to the Fed’s QE policy of propping up the stock and bond markets while monkey-hammering the precious metals, the top primary miners gave away their silver at a loss in 2013. While some of the top 12 primary miners stated adjusted income gains for the year, all the companies…
Canadian silver production declined significantly in the first two months of 2014 compared to last year. The huge drop off in production was due to the closure of two base metal mines and one primary silver mine in 2013. Silver production in Canada declined from 119.5 metric tons (3.84 million…
There is an insidious Dark Side to the silver mining industry that goes unnoticed by the majority of investors and analysts. Actually, I haven’t come across one mining analyst who puts out comprehensive data on this very subject for the silver mining industry. According to my figures for 2013, the…
I am a bit surprised at the forecasts and data coming out by the leading agencies and institutions on silver mine supply. According to my research, the USGS understated U.S. silver mine supply while Thomson Reuters GFMS over-estimated global silver production for 2013. Let’s take a look at U.S. silver…