by Steve St. Angelo
SRSRocco Report
According to a new report released by GlobalData, the global contagion impacted silver production the most while gold mine supply fared the best. The two largest silver producing countries, Mexico and Peru, have issued temporary shutdowns lasting nearly two months.
Peru, which started its lockdown on March 15th, extended it last week to end on May 10th. The Mexican Government issued their temporary shutdown on March 30th and have also extended it to May 30th. With Mexico and Peru on lockdown, a considerable amount of silver mine supply has been curtailed.
I came across this data from the Kitco.com article by Anna Golubova, COVID-19 mining shutdowns hurt silver production the most, gold the least – report: