KirkLindstrom.com - Articles2013 - Cost to Produce an Ounce of Silver - True Silver Mining Price per Oz
Kirk Lindstrom on Cover of Timer Digest Cost to Mine or Produce an Ounce of Silver
"True Silver Mining Price per Oz"
 List of Silver ETFs
Kirk
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March 28, 2013:  This table is a summary of several articles1 that calculate the true cost to mine an ounce of silver.  Knowing the true cost of producing an ounce of silver allows investors to see where production floors in the silver price may exist.  That is with the current price to mine an oz. of silver over $24, it is uneconomical for silver producers to mine more if the price falls below that price because the lose money with every ounce mined.

True Cost to Mine an Ounce of Silver by Year
Year
Mining Cost per Oz.
Annual Change

Copyright © KirkLindstrom.com


Range
Average
$
%

2010
$11.37 to $19.01
$17.84


2011

$22.21
$4.37
24.5%

2012

$23.68
$1.47
6.62%


List of Silver ETFs

Name
Ticker
Price today
Annual
Expense Ratio
Dividend Rate
iShares Silver Trust
SLV
$27.53
0.50% NA
ETFS Physical Silver Shares
SIVR
$28.18
0.30%
NA
Sprott Physical Silver Trust PSLV $28.18
0.45% NA
Central Fund of Canada Limited
CEF
$19.40
NA 0.10%






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Note 1.  Sources for Table :
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