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10% of US Annual Silver Supply Just Vaporized…
Sunday, April 14, 2013 5:01
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5 million ounces of annual silver supply and 500,000 ounces of annual gold supply have just been vaporized landslided.
Rio Tinto’s Kennecott mine in Utah- the US’ 2nd largest silver mine and world’s largest copper mine has just suffered a massive landslide which will likely shut down production at the mine for years as upwards of 1 billion tons of dirt and ore have collapsed into the basin.
10% of US annual silver production just vanished. Good thing there aren’t any physical supply issues in silver currently or anything…
Food for thought. Thats quite a loss I should think. -Mort
