by Steve St. Angelo, SRSRocco Report:
The cost to produce silver by the leading primary mining companies hit a new record high in Q2 2024. Even the second largest silver producer in the world, Copper Miner, KGHM Polska Miedz, reported a dismal 6% profit margin.
Without the nearly $600 million in silver revenues, a by-product of copper mining, KGHM Polska Miedz would have suffered a loss. So, the idea that the Base Metal mining industry is giving its by-product silver away for free or at a low price DIED many years ago.
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