One way a mining company can remain profitable while dealing with much lower gold prices is by “High Grading.” However, this does not seem to be taking place as the top 5 gold producers average yield continued to decline in the first half of 2013 as gold prices fell to…
In an amazing change of events, the top primary silver miners went from making money in the first quarter of 2013, to losing over half a billion dollars in second quarter. The majority of losses came from huge impairment charges due to much lower silver spot prices during the period….
The largest silver producing country in the world saw its oil production decline to the lowest level since 1995. Mexico who produced 162 million ounces of silver in 2012 is slated to increase this substantially by the end of the decade… that is, if they have the available energy to…
One of the largest by-product silver mines in the world recorded a loss during the second quarter of 2013. This primary gold mine located in Mexico, produced nearly 24 million ounces of by-product silver in 2012. If we compare this mine to the top primary silver mines in the world,…
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…