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Silver Production Shortage: Mexico's Supply Has Dropped Off a Cliff
Mexico has been the #1 producer of silver but the nation's silver production is down almost 25% in the past two years. That is a shocking drop off the cliff in silver production. Now factor in the risk of contagion. Latin America is favoring labor and environmental activism which can interfere further with mining activity. Newmont’s Peñasquito mine, also located in Mexico, just came back into production about two months ago. Recent trends in Peru, Chile, Panama where labor and environmental clashes are closing down mines. Silver investors who hold bullion today are in great shape, but this may be a short-sided ... (full story)