{"id":27029,"date":"2021-03-12T14:04:58","date_gmt":"2021-03-12T21:04:58","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=27029"},"modified":"2021-09-17T11:19:10","modified_gmt":"2021-09-17T21:19:10","slug":"breaking-news-top-silver-mining-industry-average-yield-falls-to-the-lowest-level-ever","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/breaking-news-top-silver-mining-industry-average-yield-falls-to-the-lowest-level-ever\/","title":{"rendered":"BREAKING NEWS: Top Silver Mining Industry Average Yield Falls To The Lowest Level Ever"},"content":{"rendered":"

With the results finally out, the top Silver Mining Industry’s average yield fell to the lowest level ever.\u00a0 While the pandemic shutdowns reduced overall silver production significantly, it didn’t impact the ore grades all that much.\u00a0 Since 2005, the top seven silver mining companies and mines saw their average yield fall by 55%.<\/strong><\/span><\/p>\n

Before we look at the LOWEST AVERAGE SILVER YIELD EVER, here are the top producers’ total production and processed ore from 2005-2020.<\/p>\n

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In 2005, these top producers processed 9.4 million tons of ore to supply 123 million oz (Moz) of silver.\u00a0 Over the next 15 years, even though total production increased to 140 Moz in 2019, the processed ore jumped to a record 23.2 million tons.\u00a0 Total silver production fell 16% from 140 Moz in 2019 to 118 Moz in 2020.<\/p>\n

Falling mine supply last year due to the pandemic shutdowns negatively impacted the silver supply but was positive for the price.\u00a0 Interestingly, the U.S. imported silver from a country that it hadn’t done so for quite a while.<\/strong><\/span><\/p>\n

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I believe U.S. silver imports will continue to remain strong in 2021.<\/p>\n

Getting back to the issue of falling ore grades, the top seven mining companies and mines saw their average yield fall to a record low of 5.8 ounces per ton (oz\/t).<\/strong><\/span><\/p>\n

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In just 15 years, these top silver producers’ average yield fell from 13 oz\/t to 5.8 oz\/t.\u00a0 Thus, the total processed ore increased by 10.8 million tons while production increased by 5 Moz.\u00a0 Typical underground haul trucks can move 20-65 mt of ore in one load.\u00a0 \u00a0If we assume an average of 40 mt of ore per haul truckload, that would be an additional 270,000 loads to produce the same, or even less, silver.\u00a0 With more than a quarter-million truckloads of ore to produce the same amount of silver, no wonder the cost to produce silver is going up.<\/strong><\/span><\/p>\n

At some point, maybe already, the world will reach Peak Silver Production.\u00a0 When that occurs, investors will begin to wake up because there aren’t many assets that can protect wealth.\u00a0 One of the most important RESEARCH PROJECTS that I have done is explained in my newest Gold Member video on the “MISSING LINK” regarding the Collapse of the Roman Empire by Peak Silver Production.\u00a0 This is a MUST WATCH VIDEO.<\/strong><\/span><\/p>\n

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The coming Perfect Silver Storm will occur as global silver mine supply contracts while demand goes up exponentially.\u00a0 This will be something for the history books.<\/p>\n

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