Captain's Quarters

[JD400]

Two Mines Supply Half Of U.S. Silver Production & The Real Cost To Produce Silver

by SRSrocco
Thu, 04/05/2018 - 10:14


Just two mines supply the United States with half of its silver production, and both are located in Alaska. It's quite amazing that Alaska now produces half of the silver for the U.S. when only 30 years ago total mine supply from the state was less than 50,000 oz per year. The silver produced in Alaska comes from the Greens Creek and Red Dog Mines. One is a primary silver mine and the other a zinc-lead base metal mine.

Even though Hecla's Greens Creek Mine is labeled as a primary silver mine, 56% of its revenues come from its gold, zinc, and lead metal sales. However, Teck Resources, that runs the Red Dog Mine doesn't even list its silver production in its financial reports. Because Red Dog produces one heck of a lot of zinc and lead, their silver production doesn't amount to much in the way of revenues.

For example, the.......continues here

https://www.zerohedge.com/news/2018-04-05/two-mines-supply-half-us-silver-production-real-cost-produce-silver