The low price of silver has finally claimed is first victim. Endeavour Silver announced that it will cut silver production by 25% in 2016. The company has three mines working in Mexico and will produce 7.2 million oz (Moz) of silver in 2015. However, Endeavour plans to shut down production of one of their mines by the end of 2016 and put it on care and maintenance. According to Endeavour Silver’s press release:
Source: IT BEGINS… Primary Silver Mining Company To Cut Production 25% In 2016 : SRSrocco Report
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