The 2019 silver survey report is out. One nice chart I want to post here is the cummulative production - silver mining cost curve.
We are currently at $14/ounce silver and this means we see a loss of 10% of silver mine production.
I believe the absolute bottom should be around $12/ounce when we see a real loss in production.
We are currently at $14/ounce silver and this means we see a loss of 10% of silver mine production.
I believe the absolute bottom should be around $12/ounce when we see a real loss in production.
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