The history of silver mining dates back to antiquity
Silver is mined globally today, with rising demand and a current silver deficit
(PresseBox) - Silver, along with gold and copper, was known as far back as 4,000 BCE. Silver production truly took off following the discovery of the Americas and the arrival of Hernán Cortés in Mexico in 1519. By 1522, the first silver from Mexico reached Europe, and in 1536, the first mint was established in Mexico. Today, the world’s largest silver deposit is located in Zacatecas, Mexico. Peru also became a major hub for silver mining. In the late Middle Ages, the largest silver mine - essentially the "mother of all mines" - was located in Schwaz, Tyrol, which became the largest mining metropolis in the world 500 years ago.
In the 19th century, Spain was an important player in silver production. However, silver discoveries in the United States surpassed all previous finds. States such as Nevada, Utah, Colorado, California, Arizona, Idaho, Oregon, and Montana were especially rich in silver deposits. Australia also became a key silver producer in the 19th century.
By the 20th century, silver had largely lost its significance as a currency. Today, silver is indispensable for many industrial applications, particularly in renewable energy technologies, which consume significant amounts of silver. Additionally, the precious metal remains a symbol of wealth and value.
The leading silver-producing countries today are Mexico, Peru, Australia, and China. Although silver production in Mexico has declined, the country remains one of the most important producers. Over 25% of all silver ever mined globally has come from Mexico. Today, companies like Sierra Madre Gold and Silver and Fortuna Mining are active in this region.
Sierra Madre Gold & Silver - https://www.commodity-tv.com/play/sierra-madre-gold-and-silver-on-track-to-reach-commercial-production-by-end-of-2024/ - owns gold and silver projects in Mexico. The company is successfully reviving the La Guitarra mine, increasing daily production rates and generating revenue.
Fortuna Mining - https://www.commodity-tv.com/play/fortuna-mining-record-q3-figures-with-strong-cashflows-and-reduction-of-debt/ - operates in Mexico, as well as in Peru, Burkina Faso, Argentina, and Côte d'Ivoire. For the current year, the company expects to produce between 457,000 and 497,000 ounces of gold equivalent.
Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/de/unternehmen/fortuna-mining-corp/ -) and Sierra Madre Gold & Silver (- https://www.resource-capital.ch/de/unternehmen/sierra-madre-gold-and-silver-ltd/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Unternehmensinformation / Kurzprofil:
Datum: 26.11.2024 - 14:09 Uhr
Sprache: Deutsch
News-ID 714415
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