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.