{"id":29874,"date":"2021-12-15T14:51:55","date_gmt":"2021-12-16T00:51:55","guid":{"rendered":"https:\/\/srsroccoreport.com\/public\/?p=29874"},"modified":"2021-12-15T18:15:39","modified_gmt":"2021-12-16T04:15:39","slug":"amazing-top-countries-short-silver-reserve-life-remaining","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/amazing-top-countries-short-silver-reserve-life-remaining\/","title":{"rendered":"Amazing Top Silver Producing Countries Short Reserve Life Remaining"},"content":{"rendered":"

Yes, it’s true.\u00a0 The largest silver-producing countries in the world have the lowest reserve life remaining.\u00a0 And, when I say… LOW, it isn’t decades’ worth of silver reserves; rather, it’s a matter of years.<\/strong><\/span>\u00a0 This may sound quite unbelievable, but that is exactly what we find when we look at the data.<\/p>\n

The chart below shows a breakdown of the top nine silver-producing countries globally.\u00a0 The top three are Mexico (178 Moz), followed by Peru (110 Moz) and China (109 Moz).\u00a0 Both Mexico and Peru will likely see a rebound in silver production in 2021 as they recover from the pandemic shutdowns in 2020.<\/p>\n

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These nine countries produce over 80% of the global silver mine supply.\u00a0 Now, if we look at the chart below from the USGS, it shows the remaining silver reserves for these countries.<\/p>\n

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The USGS reports its data in metric tons and rounds off the figures.\u00a0 For example, Mexico’s 178 Moz is 5,535 metric tons (mt).\u00a0 So, it’s close enough.\u00a0 If we divide the current 2020 production for each country by its Silver Reserves, we end up with a “Reserve Life” remaining based on the current annual output.<\/p>\n

As we can see, Mexico, the world’s largest silver producer has the lowest Reserve Life remaining at only seven years at the current production level.\u00a0 Third-ranked China only has 13 years of silver reserves remaining.<\/strong><\/span><\/p>\n

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Interestingly, Australia has the longest Reserve Life remaining at 68 years followed by Poland at 54 years.\u00a0 So, according to the USGS silver reserves, Mexico will run out in seven years while China will do so in 13 years.\u00a0 Of course, these countries could add more reserves, but I highly doubt it when we include the coming ENERGY CLIFF and how that will impact the mining industry.<\/p>\n

So, with two of the largest silver producers in the world showing the least amount of Reserve Life remaining, this is just another reason to own physical silver metal.\u00a0\u00a0<\/strong><\/span><\/p>\n