Gold & Silver Smashed- Is a Crash to New Lows Imminent? Doc & Eric Dubin Weigh In

freefallThe Doc & Eric Dubin break down the latest cartel smash-down of the metals, discussing:

  • Is a crash to new lows imminent, or did we see the bottom Friday afternoon as gold broke below $1250 and silver below 18.70?
  • Retail demand EXPLODES- SDBullion saw largest single day sales volume EVER Friday as nearly 20,000 oz of physical silver were withdrawn from the market
  • Russia, Kazakhstan, & Belarus sign Eurasian Economic Union Agreement- accelerate plans to launch “gold” Altyn currency to replace the USD in trade! 
  • GOFO rates & options expiration- implications for the metals

 Full Coverage of the Latest PM Take-down is Below With This Week’s SD Metals & Markets! [Read more...]

Canadian Silver Maple Leaf Sales Shatter All Records

Canadian Silver Maple Leaf Sales 2007-2013Not only did Canadian Maple Leaf sales shatter all records in 2013, their percentage gain was twice as much compared to Silver Eagles.  The Royal Canadian Mint just released their 2013 Annual Report and sales of their Silver Maples were the highest on record.
There’s a new Silver Sheriff in town, and it happens to be located north of the U.S. border. 

[Read more...]

The Dark Side Of The Silver Mining Industry

silver miningThere is an insidious Dark Side to the silver mining industry that goes unnoticed by the majority of investors and analysts.  Actually, I haven’t come across one miniyng analyst who puts out comprehensive data on this very subject for the silver mining industry.
According to my figures for 2013, the top primary silver miners suffered the lowest average silver yield ever.  That’s correct… another year of declining ore grades and yields.
For those analysts who believe the price of silver is heading lower in the future… the falling yields and increased costs will prove otherwise. [Read more...]

Silver Production From Top 6 Companies Declined In 2013

Top 6 Silver Mining Companies Produciton NEWEven though 2013 was a great year for physical precious metal demand due to manipulated lower paper prices, the top silver mining companies suffered a decline in overall production compared to 2012.  Of the top six companies, the largest four stated declines, while the two smaller producers increased mine supply slightly.
The chart below shows the change in production year-over-year from the top silver mining companies: [Read more...]

SRSRocco On Why Primary Silver Miners Can’t Be Sustained With Silver Prices Under $20

Many investors believe that a company can produce silver at its cash cost.  If Hecla was producing silver at its $7.40 cash cost per ounce in Q3 2013, why in the living h*ll did they have a $8.4 million loss at a realized price of $22.22?
The top primary silver miners Break Even for Q3 2013 was $21.39 for the group. 
However, a great deal of cost cutting was done to get it down to that amount.  I don’t see this as a sustainable figure over the longer haul if these companies want to replace production and remain healthy in the future.
I still believe the primary silver miners will be some of the best investments to own in the next several years.  As the world’s fiat monetary system gets revalued in the future based on a physical assets, we are going to see a big move up in the value of gold and silver.  Physical metal will be hard to acquire, so the miners will be the next best thing.
Mark my words…. [Read more...]

LARGEST SILVER PRODUCER: Facing Losses at Current Prices

The largest silver mining company in the world just came out with their first half financial results and the figures were dismal. 
Fresnillo’s first half profits declined a staggering 60% compared to the same period last year.  However, at current metal prices the largest silver producer in the world could be experiencing losses the second half of the year. [Read more...]

David Morgan on Production Slowdowns in Mining Gold & Silver

mali goldIn this interview with Ellis Martin, David Morgan discusses the temporary suspension of operations of a silver producer based on the cost of production being at par or higher with the price of silver per ounce. With many producers geared up for $30 an ounce silver, $19 remains a challenge for some. However, companies with lower production costs and near producers running a tight budget are seeing light….even as majors like Barrick Gold are pulling back.
Morgan’s thoughts on mining company shut-downs with sub $20 silver and $1200 gold are below: [Read more...]

Silver Price to Rise as Top Miner’s Production Evaporates

One of the most insidious problems taking place in the gold and silver mining industry is the decline in falling yields.  Not many realize, when yields decline, production evaporates and disappears.  To offset the decline in metal yields, the mining companies have to add new mines and or increase the amount of processed ore.
If we take a look at the top 6 silver producers, we can see that the average yield declined 38% since 2005, from 13.0 oz/t (ounce/tonne) to 8.1 oz/t in 2012: [Read more...]

Global Silver Mining Trends- A Comprehensive Analysis of World Silver Production Since 2001

Zeal020113ASubmitted by Adam Hamilton, Zeal

A MUST READ analysis of global silver mining production since 2001 over the world’s top silver producing nations.

Over the course of silver’s secular bull, the miners have steadily increased production in order to meet fast-growing demand.  And in 2012 while US production declined, global silver mine production exceeded 24k metric tons (770m+ ounces), an all-time production high and 28% increase over 2001.  As an investor interested in silver’s structural fundamentals, this rapid growth begs a question.  Where in the world is this silver coming from? [Read more...]

US Mint Sells Another 300k Silver Eagles, Extends Monthly Sales Record to 7.42 Million!

With allocated/rationed silver eagle sales beginning again on Monday 1/28, the US Mint reported another 300,000 silver eagles sold Tuesday, nearly 1.5 million since production was restarted Monday, and increased January’s all-time monthly sales record to an astonishing 7.42 million silver eagles, 53 times the volume of gold purchased from the US Mint in January! [Read more...]

TOP 5 SILVER MINERS AVERAGE YIELD PLUNGED AN ASTONISHING 34% From 2005-2011

By SRSrocco:

I have been researching the declining ore grades and silver yields in the top silver miners.  I thought the decline would be equal to the gold miners… but it turned out to be a great deal higher.

From 2005 to 2011, the average gold yield from the Top 5 Gold Producers declined 27% or roughly 3.8% per year. During the same time period, the top 5 SILVER MINERS average yield fell an astonishing 33.5%…. or 5.6% per year.  This is nearly a 50% higher annual percentage decline compared to the top gold miners! [Read more...]

CHINESE & INDIA SILVER DEMAND TO REACH ALMOST 12,000 METRIC TONNES IN 2012

By SRSrocco:

According to this GoldCore article posted on SD this morning, the Chinese silver demand will hit 7,700 metric tonnes in 2012Last year India’s silver demand was 4,000+ metric tonnes.  We can safely assume they should have about the same figure in 2012.

This means Indian and Chinese silver demand alone will account for 50% of global silver mine supply!!! [Read more...]