Two problems with silver
- Thread starter Cheepo
- Start date
billbob78 said:
you are if the lead was not there the mine wouldn't be either, value wise it makes more $$ per year from lead alone than silver. 70% of the ore is lead, which gets extracted first then is processed to get the silver. it is a lead mine that produces silver not the other way around.
Silver is the byproduct taken out after the lead is concentrated, making it the BYPRODUCT of the mine
BS.Court Jester said:
Broken Hill has a similar geology where the ore contains silver, lead and zinc. Silver was the primary target.
Revenues of lead now exceed silver only because the silver price has crapped itself. When the mine was commissioned, and for many years after, silver was the primary revenue.
Source: http://www.miningnews.net/knowledgebase/company/cannington/
wrcmad said:
For starters we are talking about cannington not broken hill
you are quoting an article that uses the same source as the other person here what is wrong
here is a recent news article dated 01/10/2014 with a quote saying silver is a byproduct where cannington is specifically mentioned and it will be left in teh ground to support the silver price.
http://www.smh.com.au/business/anal...metal-hits-fouryear-lows-20141001-10ompi.html
just in case you dont want to read the whole thing.
again let me make this clear LEAD is the main product at cannington silver is a byprouct in value, vloume and in production terms.
billbob78 said:
oh no it (wrong)is see above post for link
Mr Battershill pointed out that over the next two years about 10 per cent of the world's zinc production will come off stream. The silver extracted as a byproduct in those mines will, therefore, stay in the ground and give some firm support to the silver price
He is referring to the zinc mines mate.
He is referring to the zinc mines mate.
billbob78 said:
which cannington is a massive zinc mine primarily with silver as a byproduct extracted from the LEAD concentrate and is like I said specifically mentioned in that article you seem to have missed this part and where it also calls silver a BYPRODUT
again just in case you missed it where they specifically point out cannington:
and again where they call silver a bypeoduct
Cannington is not closing in in 2 years time, he is referring to Zinc mines. It is that lead which he is referring to which may well be by-products.
He is not making a statement that Cannington is closing down, nor does he refer to Cannington producing a silver byproduct, they actually refer to it as a Silver and Lead mine.
He is not making a statement that Cannington is closing down, nor does he refer to Cannington producing a silver byproduct, they actually refer to it as a Silver and Lead mine.
Declining ore grades, energy and labor costs increasing, extreme cost cutting...
The Dark Side Of The Silver Mining Industry
..The top primary silver miners average yield declined 41% from 13 oz/t in 2005, to 7.6 oz/t in 2013. The top 6 mines and companies included in the chart above are BHP Billiton's Cannington mine, Fresnillo, Pan American Silver, Polymetal's Dukat & Lunnoye mines, Hochschild and Hecla.
Four of the mines suffered year over year declines while two actually increased yields. Here is the breakdown:
Change in Yield (2012-2013)
BHP Cannington mine = - 1.0 oz/t
Fresnillo mine = -1.2 oz/t
Pan American Silver = -0.3 oz/t
Polymetal = +0.6 oz/t
Hochschild = -0.4 oz/t
Hecla = +1.0 oz/t
Both BHP Cannington and the Fresnillo mine will continue to see their average ore grades decline in the next few years, however Fresnillo's silver grades should stabilize at 271 grams per tonne.
Hecla increased its average yield at its Greens Creek mine in Alaska by more than an ounce in 2013, which was the contributing factor pushing its average yield higher last year.
Declining ore grades are the Dark Side of the mining sector because the industry would rather not advertise its impact on the cost of producing silver. This next chart shows the increase in total processed ore since 2005.
...Even though the average silver yield only declined 41% since 2005, the amount of processed ore increased 65% from 9.4 million tonnes in 2005 to 15.5 million tonnes in 2013. Not only has the amount of processed tonnage increased to produce less silver in 2013 compared to 2005 the costs of energy, labor and materials have doubled or tripled during the same time period.
More: http://srsroccoreport.com/the-dark-.../the-dark-side-of-the-silver-mining-industry/
billbob78 said:
you are a complete moron
no one said cannington is closing
they say silver is a byproduct and it will be left in the ground to support the silver price i.e. cannington will still be producing lead just not extracting the silver BYPRODUCT
you have the reading comprehension skills of retarded monkey with half a brain
wrcmad said:We could sling articles all night.... :lol:
Here are a few more:
And... from the owner.... BHP Billiton:
it does mine silver so techinally it is a silver mine but it is not the primary product produced there
that is lead, then zinc. That is why they are looking at not extracting the silver byproduct.
billbob78 said:
again turtle-heading retard
it is a silver mine
just not a PRIMARY silver mine that extracts silver as its prime metal, it extracts ZINC with silver as a byproduct. I never said it did not produce silver just that it is not the primary metal at the mine.
"they say silver is a byproduct and it will be left in the ground to support the silver price i.e. cannington will still be producing lead just not extracting the silver BYPRODUCT"
I have been an analyst in base metal mining for 15 years and this statement clearly indicates you don't know what you are talking about.
I have been an analyst in base metal mining for 15 years and this statement clearly indicates you don't know what you are talking about.
billbob78 said:
BS you clearly dont have a clue and cant read what is wrong about that statement
please do tell us
read the article again I am just quoting it. but you aare the :so called "expert" lol expert at spinning BS
Silver @ cannington is a byproduct and will not be produced to support the silver price, canningting will still be operations producing lead
you are a dead set moron worse than the end
