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Old 08-22-2017, 07:28 AM   #1
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Silver production at top four miners down significantly

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According to recently released company data, silver production declined between 20-34% from these four primary silver miners during the second quarter. The company that suffered the biggest decline in silver production was Hecla at -34%, followed by Endeavour Silver at -26%, Silver Standard at -24% and First Majestic with a decrease of 20%:

Looks like some of the production loss is due to temporary factors and some is due to more systemic issues. I didn't do any math on the issue, but it wouldn't surprise me if overall silver production for the near term declines. Remains to be seen if physical supply constraints have any impact at all on the retail market (or whether existing supplies of physical [is. COMEX] get stressed further).
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