Silver Miners Suffer as Prices Drop Below What it Costs To Mine

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Silver Miners Suffer as Prices Drop Below What it Costs To Mine

Silver Miners Suffer as Prices Drop Below What it Costs To Mine
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Silver Miners Suffer as Prices Drop Below What it Costs To Mine

by TheStreet 3:05 mins

The break-even silver price among the top 12 primary silver miners now rests at $19.78, according to the SRSrocco Report, slightly above the current price of about $19.70 in New York. This is a significant fall from the prior $24.05 all-in cost estimate. PureFunds CEO Andrew Chanin tells TheStreet's Joe Deaux that $24 could be some miners' all-in costs, but that it depends on regional influences and different companies' assets. Chanin discusses whether he expects silver producers to cut back on supply and what he anticipates the futures curve to do in the coming months.

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