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Garpenberg ranked on top ten list of world's silver mines

Recent industry-leading technological developments have enabled an expansion of the Garpenberg mine, from 1.4 million tonnes per year to 2.5 million tonnes. This revamping has made Garpenberg one of the world's most cost-effective and modern mines.

Boliden’s Garpenberg mine located in Hedemora municipality, Sweden. It is Sweden’s oldest mine still in operation.

Silver is often outshone by gold, with most precious metals investors paying attention to the yellow metal. But exposure to industrial demand – a factor that's largely absent for gold investors – makes silver an attractive commodity and irreplaceable component in many applications – particularly for industry-related companies and their investors.

Silver boasts a multitude of properties that make it unique, including its strength, malleability and ductility, its electrical and thermal conductivity, its sensitivity to and high light reflectance, and its ability to endure extreme temperature ranges. Silver’s remarkable properties restrict its substitution in most applications. Silver is used in the jewellery, electronics and electrical industries, energy, automotive as well as in medicine and optics.

Silver prices have been on a tear, rising by more than 10% over the past month thanks not only to the same positives that's been driving gold – global uncertainty and market instability – but improved industrial demand.

Only around 30% of annual supply comes from primary silver mines while more than a third is produced at lead/zinc operations and a further 20% from copper mines. Only six of the top 20 producers are primary silver miners. The polymetallic ore deposits from which silver are recovered account for more than two-thirds of the world's silver resources.

The following analysis covers those mining operations producing silver that are separate reporting units and which have recent mined silver figures disclosed by the owners/operators.

To view the full list, follow the link below.

Source: mining.com
Article: http://www.mining.com/worlds-top-10-silver-mines/

August 21, 2017

Mining | Hedemora

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