Low-Cost Silver Producer Says True Cost Already Over $25 Per Ounce
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While the silver price has finally risen this year, at one point trading as high as $32.74, what also continues to rise is the cost of mining silver.
And while the cash costs and all-in sustaining costs give us a partial picture of how much it costs to get silver out of the ground, there was a shocking statement recently by the CEO of one of the lower-cost silver projects that the true all in cost for their deposit is already over $25 pre-tax!
So Steve Cope of Silver Viper Minerals joins me to talk about the increase in silver mining costs, the latest on the mining regulation in Mexico, and what's coming next as we likely approach Federal Reserve rate cuts.
Video Length: 00:30:21
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