Fresnillo silver, gold output jumps on San Julian ramp up, higher ores writes mining.com. The company, which is the world's largest primary silver producer and Mexico's second-largest gold miner, said silver output in the three months to the end of June was 14.5 million ounces, 12% more than in the same period last year and up 7.3% from the first quarter of 2017.
So this month we have heard that number 2 in the world Tahoe Resources shut down, then Rio Tinto problems and now this storey from Fresnillo trying to get a bump in share purchases? Silver demand up? 400 billion in deficit - you bet there is demand! I wonder who is paying them spot plus for their silver?
Maybe I am am wrong - what say you?
photo credit: mining technology, location Antamina Peru, Reason used - heck of a way to destroy a mountain - I wonder what the locals think??
Source credit: mining com 
Is it just me or does that picture seem like the entire mountain is made of silver with a couple of stripes of gold?
Good article. If the other producers are shutting down or having problems then Fresnillo won't have a problem in finding buyers. Do we happen to know their price on the stock market? Could be a bargain buy...
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