Lots of silver miners losing money

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Lots of silver miners losing money

posted on Aug 12, 2013 09:10PM

Almost all siver miners losing lots of money. For Q2, Coeur lost over 30 mil, Hecla 25 million, and Great Panther 5 million. Great Panther produced 400,000 ounces so they lost over $12 for every ounce produced. All 3 of these companies need silver over $30 to be profitable.

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