You are here
Top primary silver mining industry production yield falls to lowest level ever
By Steve St. Angelo
Money Metals News Service, Eagle, Idaho
Wednesday, June 10, 2020
The era of high-grade silver mines may be coming to an end.
Remarkably, the top primary silver miners' average yield fell to the lowest ever in 2019. Which begs the question: Will high-grade silver mines become extinct in the not-so-distant future?
If we look at the data, it seems to be happening already.
Since I started researching the primary silver mining industry, the yields at many high-grade silver mines have fallen drastically.
... Dispatch continues below ...
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
For example, Fresnillo's flagship mine, the Fresnillo Mine, had seen its average yield decline from 15 ounces per tonne in 2005 to only 5.3 ounces per tonne last year. That is one hell of a reduction in just 14 years. Nearly 10 ounces per tonne of silver yield evaporated.
Take a look at how much more silver the Fresnillo Mine was producing in 2005 compared to 2019 ... processing less ore.
-- Fresnillo Mine 2005 Production = 33.4 million oz.
-- Fresnillo Mine 2005 Processed Ore = 2.2 million tonnes
-- Fresnillo Mine 2005 Average Yield = 15.2 oz/t
-- Fresnillo Mine 2019 Production = 13.0 million oz.
-- Fresnillo Mine 2019 Processed Ore = 2.5 million tonnes
-- Fresnillo Mine 2019 Average Yield = 5.3 oz/t
As we can see, workers at the Fresnillo Mine processed more ore in 2019 to produce 20 million fewer ounces of silver. No wonder the cost to produce silver has risen from $4-5 per ounce back in 2005 to more than $15 at present. ...
... For the remainder of the report:
https://www.moneymetals.com/news/2020/06/10/top-primary-silver-mining-pr...
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
