Mitch Krebs: Building the Biggest Silver Mine in the U.S. #silver #silverinvesting #silverprice #usa

Key Concepts

• Global Silver Production
• North American Focus
• Mine Expansion and Investment
• Domestically Produced and Refined Silver

Global Production and Geographic Focus

The company's current global silver production stands at approximately 20 million ounces per year on a run-rate basis, positioning it among the top five global producers. A distinguishing factor is that all of this production is exclusively located in North America. This represents a significant strategic shift from 14 years prior, when the company had operations in Bolivia, Argentina, Chile, and Tanzania, spanning a global footprint. The decision to scale back to North America was driven by a perceived lack of strategic necessity for operations in those distant locations.

North American Operations

The company's North American operations consist of two mines in Mexico and three mines in the United States. Three of these five mines contribute a substantial amount of silver, collectively accounting for the 20 million ounces of annual production.

US Operations: Rochester Mine

Within the United States, the Rochester mine in Nevada is the company's largest operation, producing around 7 million ounces of silver annually. This mine has recently completed a significant $730 million investment in a major expansion project. This expansion is expected to ensure substantial silver production from the Nevada site for an extended period. The Rochester mine is highlighted as the country's largest source of domestically produced and refined silver, a characteristic deemed increasingly important in the current global context.