2 million oz. less of silver this year
Posted: Wed Jan 11, 2012 5:58 pmThe fed today closed the Helca Lucky Friday mine in Idaho because of the problems it had last year. The company states that silver production will drop from about 9 million oz to 7 million oz for this year and maybe also going into the 2013 year. To bad for me as I own this stock and I just took a 25% hit in price. Hope that this will raise the price of silver.