Sign up today
for your Free Silver Investment Guide and benefit from its one of a kind perspective on silver investing.Promising Month for Silver Commodities Market
The silver commodities market is showing tremendous promise in the second quarter of the year. Silver mining companies have reported increased production in their second quarter report. One such company is Canada’s Great Panther Silver LTD. Great Panther has reported that their second quarter silver production is more fruitful compared to their previous quarter. The company also added that productivity will continue to increase by the end of 2010 thanks to new equipment delivered earlier this year.
About Great Panther
Great Panther runs silver mining operations in two Mexican silver mines located at Guanajuato and Topia. Last quarter, Great Panther reached a total production of 333,358 ounces of silver. This quarter, they’ve increased their silver production to 410,583. With their new equipments, Great Panther is confident that their silver production will be consistently high and expects to close the year with impressive results.
Other Companies to Affect Silver Commodities Market
Great Panther is not the only mining company to report an increase in quarterly production. First Majestic Silver Corporation released an announcement earlier this month about their impressive increase in silver production.
First Majestic broke their previous record this quarter by increasing their silver production by 9% compared to the previous quarter; this translates to 1,538,798 ounces of silver. Meanwhile, the company’s total equivalent silver production reached 1,651,411; which means their silver ounce production was 93% to the total equivalent.
With a steadily increasing supply of silver, even non-experts can surmise that this will have a significant impact on the silver market and those wishing to break into silver investment.
