With the ongoing tightness in the wholesale silver market, the world needs all the metal supplied by the mining industry that it can get its hands on. Unfortunately, the world’s second-largest silver production continues to experience a contraction in its mine supply. The industry forecasted a return to…
The hope that Peru’s silver mining industry would fully recover by the end of 2020 was stalled as production declined considerably during the first month of the new year. This was quite a surprise as the country’s silver production reached a high in December since the pandemic shutdowns last…
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…
Peru was on track to ramp up its silver production in the summer and early fall after the mine closures during April and May, stemming from the global pandemic. But, something must have changed as Peru’s silver production recovery has stalled as the country’s mine supply fell in July…
The world’s second-largest silver producer saw its mine supply fall by one-third due to lockdowns stemming from the global contagion. When the Peru Ministry of Mines released its metals production figures last month for April, the country’s domestic silver mine supply fell by a stunning 74%. Then on July 3rd,…