The only silver company that has been able to make money in 4th q at $16.40 sell price is SVM.
I've owned CDE (improved cost but no possible way it competes below $19/oz).
AG is improving costs and will report next week... They might break even at $17.50 but not at $16.40.
FSM is the next best to SVM but not sure they will have a profit at $16.40.. Report mid-March.
Trial and error has me with SVM for 100% of silver holdings with no debt, $80 million in cash, a dividend and now an announced share buy back program... All in cost at $10/oz... No one else compares!