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 Replies: 17 / Views: 3,133 |
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Pillar of the Community
United States
4008 Posts |
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Pillar of the Community
United States
745 Posts |
that's not good news for us that want higher silver prices...
more silver production = lower silver prices.
I want to sell silver maple leafs at $50 each again!
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Bedrock of the Community
Australia
21788 Posts |
The small difference in U.S silver production will have a negligable effect on LME prices.
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Pillar of the Community
United States
2120 Posts |
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I want to sell silver maple leafs at $50 each again! I want to buy them at $20 again. |
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Pillar of the Community
United States
3294 Posts |
Peru and Mexico each produce 2-3x more silver each year then the US, and Australia also produces significantly more so the added supply shouldn't have too large of an impact.
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Valued Member
Canada
178 Posts |
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Hecla also is exploring the possibility of reopening the historic Star Morning Mine in Burke Canyon You don't bring one, let alone two mines back on line if you think prices are still going to fall. At least that's my read. |
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Valued Member
United States
458 Posts |
I do not really want higher silver prices yet. I'm too young and poor to pay for my Silver Coin collections if silver is $100/ounce lol
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Rest in Peace
United States
9104 Posts |
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Peru and Mexico each produce 2-3x more silver each year then the US, and Australia also produces significantly more so the added supply shouldn't have too large of an impact. Silver without those two million ounces went down. Pretty well explains it. |
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Pillar of the Community
2224 Posts |
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you don't bring one, let alone two mines back on line if you think prices are still going to fall. At least that's my read.
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Pillar of the Community
 United States
4008 Posts |
Since most of us are still buying silver, lower prices would be good. Not that this would add a HUGE amount of silver to the world market but ANY addition beats the steady decline in silver production, IMHO.
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Bedrock of the Community
Australia
21788 Posts |
Although Australia does not produce the most freshly mined silver, the current biggest silver mine in the World is the Cannington mine.
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Pillar of the Community
Canada
1502 Posts |
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Hecla also is exploring the possibility of reopening the historic Star Morning Mine in Burke Canyon Hm.... will be keeping an eye out on Hecla stock prices |
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Pillar of the Community
United States
4008 Posts |
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...the current biggest silver mine in the World is the Cannington mine. Biggest in what way, Sel? Silver produced? Tonnage of ore handled per day? Size, depth, or volume of the mine itself? |
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Pillar of the Community
Australia
7096 Posts |
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Biggest in what way, Sel? Silver produced? Tonnage of ore handled per day? Size, depth, or volume of the mine itself?
The mine produces 6% of the worlds silver, Thats a fair bit for just one mine. Production at Cannington silver mine During the year ending June 2006, Cannington mined 3.1Mt of ore grading 461g/t silver, 10.3% lead, and 3.7% zinc. Payable metal production was 38.45Moz of silver, 266,321t of lead and 68,779t of zinc. |
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Bedrock of the Community
Australia
21788 Posts |
Current annual production.
Certainly not the biggest silver mine, and the lifespan is going to be relatively short.
I think the high production rate is the result of the need to maximise the return on the investment in the development of the mine.
Current total World production is around 20,000 to 25,000 tons of newly mined silver per year.
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Pillar of the Community
United States
4008 Posts |
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The mine produces 6% of the worlds silver, Thats a fair bit for just one mine. Indeed it is. Quote:
Current annual production. That is a lot of silver coming from a single mine. Any idea where this silver goes once it leaves the mine? Perth Mint? China? |
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Replies: 17 / Views: 3,133 |
Posted 05/25/2012 11:49 pm
