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<p>[QUOTE=&quot;Sallent, post: 2909667, member: 76194&quot;]If you guys ever want to pull up the annual reports of the second largest silver mining corporation in the US:</p><p><br /></p><p><a href="https://www.panamericansilver.com/investors/reports/annual-reports/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.panamericansilver.com/investors/reports/annual-reports/" rel="nofollow">https://www.panamericansilver.com/investors/reports/annual-reports/</a></p><p><br /></p><p>The bottom line is that in most of their mines silver is a secondary byproduct, and they are pulling it out in some mines at a cost of $1.25 per ounce, and the average mining cost is $7 per ounce. Basically they are making money like nobody&#039;s business.</p><p><br /></p><p>Oh, and production costs are decreasing every year as they switch more and more to machines to streamline the process. Which means next year it will probably be even cheaper to mine that silver.</p><p><br /></p><p>Now go watch the silver pumpers on YouTube, whom are being paid by JM Bullion and other bullion companies, and they&#039;ll tell you that these companies are about to go bankrupt, that they can&#039;t make any money unless silver goes above $27 an ounce, etc.[/QUOTE]</p><p><br /></p>

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