Silver as an investment

Huge Decline In Peru’s Silver Production Suggests Future Supply At Risk

srsroccoreport.com / APRIL 18, 2017

The Peru Ministry of Energy and Mining just released their silver production data for February, and it was a whopper to the downside.  Actually, I was quite surprised to see how much Peru’s silver production declined versus the same month last year.  Also, Peru’s gold February production took a similar big hit.

According to the Peru Ministry of Energy and Mining data, the country’s silver production fell 12% to 323.1 metric tons (mt) this February versus 367.4 mt the same month last year:

This is a 44 mt decline in one month, nearly 1.5 million oz lost.  Here is the table from the Peru Ministry of Energy and Mining showing various metals production data for February:

Silver is shown as “PLATA” and as we see, overall silver production for JAN-FEB has declined 6.7% compared to the same period last year.  Which means, Peru’s silver production took a much larger hit in February than in January.  Furthermore, Peru’s gold production (shown as “ORO”), also declined significantly by falling 11.3% in February.

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