{"id":44652,"date":"2019-03-22T06:10:15","date_gmt":"2019-03-22T11:10:15","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44652"},"modified":"2019-03-22T06:10:19","modified_gmt":"2019-03-22T11:10:19","slug":"its-official-u-s-silver-production-the-lowest-in-more-than-70-years","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44652","title":{"rendered":"IT\u2019S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/its-official-u-s-silver-production-the-lowest-in-more-than-70-years\/\">IT\u2019S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years<\/a><\/h3>\n\n\n\n<p>With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years.&nbsp; We have to go all the way back until the year after World War II ended to see U.S. silver production less than it was in 2018.&nbsp; While many reasons can be attributed to the decline, the main factors are falling ore grades and mine economics.<\/p>\n\n\n\n<p>Unfortunately, there just aren\u2019t too many economic silver deposits in the United States, especially with the high level of environmental and governmental regulations.&nbsp; Instead of dealing with all the bureaucracy, companies are looking to Mexico and South America to open new silver projects.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/03\/US-Silver-Production-2017-vs-2018.png\" alt=\"\" class=\"wp-image-19973\"\/><\/figure>\n\n\n\n<p><strong>Regardless, U.S. silver production declined by more than 100 metric tons last year, or 10% in 2018, mainly due to the ongoing closure of the Lucky Friday Mine in Idaho.&nbsp;<\/strong>&nbsp;The Lucky Friday Mine has been shut down ever since the United Steelworkers went on strike on March 13, 2017.&nbsp; However, the dropoff in silver mine supply can\u2019t all be blamed on the Lucky Friday Mine.&nbsp; Domestic silver production has been trending lower for the past two decades:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/03\/US-Silver-Production-2000-2018.png\" alt=\"\" class=\"wp-image-19971\"\/><\/figure>\n\n\n\n<p><strong>In 2000, the U.S. produced 63.7 million oz (1,980 metric tons) of silver compared to just 29.7 million oz (923 metric tons) last year.&nbsp;<\/strong>&nbsp;Thus, U.S. silver production has fallen by more than 50% in less than two decades.&nbsp; Silver production in the U.S. ramped up significantly during the 1990s due to the McCoy-Cove Silver Mine in Nevada.&nbsp; At its peak, the McCoy-Cove Mine supplied 20% of the total U.S. silver production:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2016\/01\/McCoy-Cove-Mine-Nevada-Silver-Production.png\" alt=\"\" class=\"wp-image-11498\"\/><\/figure>\n\n\n\n<p><strong>I don\u2019t have a chart of U.S. silver mine supply over the past 100 years, but I checked the USGS data, and in 1946, the country produced only 713 metric tons (mt) of silver.<\/strong>\u00a0 <\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT\u2019S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years.&nbsp; We have to go all the way back until the year after World War II ended to see U.S. silver production less [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[730,12073,3428,24758,3427],"class_list":["post-44652","post","type-post","status-publish","format-standard","hentry","category-economics","tag-silver","tag-srsrocco-report","tag-us-geological-survey","tag-us-silver-production","tag-usgs"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44652"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44652\/revisions"}],"predecessor-version":[{"id":44653,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44652\/revisions\/44653"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}