RECENT NEWS
DailyFinance  Jun 2  Comment 
Gold & Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF), a junior mining company in Nevada, is pleased to announce recent communication received regarding their $12.5 million note receivable, is on schedule with regular...
Commodity Online  May 19  Comment 
On Monday trading in Asian hours gold continues to remain weak as investors are glued to US Fed Reserve meeting later in the week. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded at $1,292.50 a troy ounce,...
DailyFinance  Apr 10  Comment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/10/14 -- Santacruz Silver Mining Ltd. (TSX VENTURE:SCZ) ("Santacruz" or the "Company") is pleased to announce that Mr. Federico Villasenor was appointed to the Company's Board of Directors joining...
Resource Investor  Mar 31  Comment 
What does this mean for the demand of Indian Silver in the Western world?
SeekingAlpha  Mar 19  Comment 
By Fincom Investment Partners: (Editor's note: SZSMF trades with limited liquidity. The company's Canadian listing SCZ.V offers enhanced liquidity.) We visited the Santacruz Silver Mining Ltd. (OTC:SZSMF) (SCZ.V) properties 2 weeks ago. We do...
SeekingAlpha  Feb 23  Comment 
By James P. Montes: The Market Vectors Gold Miners ETF (GDX) has climbed 26% year to date, including nearly 14% this month to date. That compares to the gold-backed SPDR Gold Trust's (GLD) gain of around 10% year to date, including 6.3% this...
Resource Investor  Dec 5  Comment 
If you want to be an effective and profitable investor, you should look at the situation from different perspectives. That's why in today's essay we’ll examine gold and silver mining stocks to find out what kind of impact they can have on...
Resource Investor  Aug 28  Comment 
Selling some future production at current prices raises money today. That should be to the benefit of the shareholders. Yet the main concern in hedging isn't how to manage this trade. It is the shareholders' view of hedging that counts.
Resource Investor  Jun 26  Comment 
Those who recently gave in and bought gold, silver, mining stocks and coins will be entering this stage of the market in complete denial. They still think this is a pullback and a recovery should be just around the corner.
Commodity Online  Jun 7  Comment 
and ldquo;Fernando and Mitchell are recognized silver industry leaders and the Institute is fortunate to have them at the helm guiding our work, and rdquo; said Michael DiRienzo, Executive Director of the Silver Institute.




 

Silver can be found in a free state naturally, however most silver is produced as a byproduct to gold or lead production. It is highly concentrated in the ore Argenite (Silver gets its chemical symbol Ag from the latin word Argentum).

Spring 2011 silver futures/option contracts moved to late June/July

The move over to mid summer from spring for silver options contracts to end moved spot silver lower especially when compared to gold, the price of which was propped up by heavy demand by central banks in Russia, Mexico and Thailand among others (Canada's BNN interview with a silver anaylist from New York). Russia's central bank purchased about 1 million ounces of gold in the first four months of 2011 up from over 400,000 in the second half of 2010; Russia's last major purchase was in May 2010 when it bought 1.1 million ounces of gold during the month which represents 16.6% of global production that month.[1] Speculators short on silver should boost the price come late June/early July.

Production and key companies

In 2010 most silver primary production came from a handful of companies, some growing rapidly from small cap to mid cap companies. Most of the growth came from the following companies: 2010 silver production key companies: Pan American Silver:24.3 mil oz, Silvercorp Metals:4.6 mil oz, Silver Standard Resources:6.302 mil oz (up 48%), First Majestic Silver:6.5 mil oz (up 62%), Hecla Mining Company:10.566 mil oz (down); among diversified industry players Rio Tinto (RIO) was down 20% to 6.862 mil oz, BHP Billiton and Fresnillo led the industry at 45 and 38 million ounces respectively, Goldcorp was the largest silver producer among gold companies (23 million ounces). Large cap companies (primary gold producers) like Goldcorp traditionally sell the silver produced at their mines to royalty companies like Royal Gold and Silver Wheaton. The list becomes much longer when diversified resource companies are included.

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Goldcorp (not shown below because over 80% of their silver is contained in gold mines which have yet to begin producing/a lot of their current silver production is sold to royalty companies. Because their focus is mainly on gold (resulted in the spinoff of silver wheaton a couple years ago) a lot of their silver production is converted to gold equivalent) has 1.3 billion ounces of 2P silver reserves (1.0 billion of which is at their 100% owned Penasquito mine in Mexico. More information on silver uses and aggregate production at Commodity:Silver.

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