With more than half of the primary silver miners financial results for the third quarter finally out, the group is now losing nearly $3.00 an ounce at the current market price of silver. http://srsroccoreport.com/primary-s...ng-nearly-3-00-for-every-ounce-of-production/
what a load of BS that whole article is complete BS. They list only one mine on that list (Tahoe) and stright from teh orses mouth http://www.tahoeresourcesinc.com/tahoe-resources-reports-strong-second-quarter-earnings/ so their graph are total 100% BS pushing their own ajdender, without letting facts get in the way of a good story. 70% of the mined silver comes from mines where it is a byproduct( i.e. NOT primary metal ) and the producers cant give 2 hoots about the price of silver. i.e. BHP Cannington
Why are we always looking at the primary silver miners when a great deal of silver comes from copper/lead/zinc mining? Do the graphs across the top 7 silver producers and get them to tell you how much it costs to extract the silver during the copper , lead and zinc refining process.... Those figures would be meaningful. It would show that the primary silver miners are at risk but the silver supply is only marginally at risk.
