While the top two silver mining countries in the world have ramped up production since the pandemic lockdowns, Peru is still struggling to get to full capacity. Also, Mexico’s silver production in September is still less than it was last year. Because Mexico and Peru account for nearly 40% of…
The world’s two largest silver producers lost a great deal of mine supply in the first part of the year due to the global pandemic. While Peru is ranked second in overall production, it suffered a larger decline in silver mine supply than Mexico. The huge drop in silver production…
With Mexico finally releasing its mine supply data for April, the top two silver producers saw their combined silver output decline by 53%. To give you an idea of the amount of lost silver mine supply from Mexico and Peru, it was more than all the global gold production that…
Now that the Peruvian Government announced an extension of the country’s state of emergency until April 26th, the world’s first and second-largest silver producers have taken 40% of global silver mine supply offline for a month. Actually, Peru first announced its national quarantine on March 15th. So, the country’s mines…
In the past five months, Mexico’s second-largest silver mine was shut down, reopened and the recently shut down once again. Due to a new blockade at Newmont-Goldcorp’s Penasquito Mine, stemming from issues with a local trucking contractor, the company has temporarily ceased operations. Unfortunately for Newmont-Goldcorp, 2019 was supposed to…
In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico. The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in a single year, has been…