The history of silver mining dates back to antiquity

In the 19th century, Spain was an important player in silver production. However, silver discoveries in the United States surpassed all previous finds. States such as Nevada, Utah, Colorado, California, Arizona, Idaho, Oregon, and Montana were especially rich in silver deposits. Australia also became a key silver producer in the 19th century.

By the 20th century, silver had largely lost its significance as a currency. Today, silver is indispensable for many industrial applications, particularly in renewable energy technologies, which consume significant amounts of silver. Additionally, the precious metal remains a symbol of wealth and value.

The leading silver-producing countries today are Mexico, Peru, Australia, and China. Although silver production in Mexico has declined, the country remains one of the most important producers. Over 25% of all silver ever mined globally has come from Mexico. Today, companies like Sierra Madre Gold and Silver and Fortuna Mining are active in this region.

Sierra Madre Gold & Silver – https://www.commodity-tv.com/play/sierra-madre-gold-and-silver-on-track-to-reach-commercial-production-by-end-of-2024/ – owns gold and silver projects in Mexico. The company is successfully reviving the La Guitarra mine, increasing daily production rates and generating revenue.

Fortuna Mining – https://www.commodity-tv.com/play/fortuna-mining-record-q3-figures-with-strong-cashflows-and-reduction-of-debt/ – operates in Mexico, as well as in Peru, Burkina Faso, Argentina, and Côte d’Ivoire. For the current year, the company expects to produce between 457,000 and 497,000 ounces of gold equivalent.

Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/de/unternehmen/fortuna-mining-corp/ -) and Sierra Madre Gold & Silver (- https://www.resource-capital.ch/de/unternehmen/sierra-madre-gold-and-silver-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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