The world’s largest silver producer saw its production decline substantially in the first half of 2013. Many assume this decline came from Fresnillo, which is known as the largest primary silver miner in the world. However, it was recorded by KGHM Polska Miedz, the largest by-product silver producer on the…
The primary silver mining industry is not sustainable at present market prices. Financial reports are starting to be released and by the end of the month we should have a pretty good idea on how bad the losses will be. As I stated in my previous article “The Largest Silver…
The largest silver mining company in the world just came out with their first half financial results and the figures were dismal. Fresnillo’s first half profits declined a staggering 60% compared to the same period last year. However, at current metal prices the largest silver producer in the world could…
The largest silver producing country in the world has seen its production decline substantially in the first five months of the year. Mexico was forecasted to increase its silver production this year, however if present trends continue, total output could fall nearly 10% in 2013. If we take a look…
Due to the Fed policies of supporting the stock and bond markets, while allowing the competing Dollar currencies of gold and silver to tank, we are beginning to see the first casualties in the primary silver mining industry. Unfortunately, I knew this was coming for these high-cost mines, but knowing…
With the most recent data out by the USGS, U.S. gold production declined substantially year over year from its number one producing state, Nevada. According to the statistics, Nevada’s gold production declined a whopping 9% in the first three months of 2013 compared to the same period last year. Furthermore,…