“There is an insidious Dark Side to the silver mining industry that goes unnoticed by the majority of investors and analysts,” according to the SRSrocco Report‘s Steve St. Angelo. Based on his figures for 2013, the top six primary silver miners “suffered the lowest average silver yield ever.” And going forward, he sees it becoming more expensive to produce silver “as ore grades continue to decline while costs of energy, materials and labor increase. For those analysts who believe the price of silver is heading lower in the future… the falling yields and increased costs will prove otherwise.”
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