RE: RE: I can't believe twobtapn, I'm no mining expert, but what you say seems not logical to me. You say big producers will rise production because of lower silver/gold prices. If they were able to rise production in the short term, why wouldn't they do so when prices are high? This is completely nonsense.
As for IPT, the all-in-cost of 22$ (if it would be that, I don't know) is no constant, but it depends on what grade they are mining, how much drilling they do and how much development work etc.
And I'm sure they do have high grade ore, just look at the drilling results of the last years. The Oscar mine has very high grade silver and they just began production there few months ago (maybe it'll take some time until they reach the high grade veins).
So what I expect is they will focus on the higher grade ore this year and put the low grade mines on care&mainainance, as a result the all-in-costs will decrease significantly (of course also the production will be lower, but the remaining production will be profitable, and that's the important point!)
What will be interesting is how the costs are at the new Capire open pit mine. If the (all-in) costs at Capire are below 20$ then it could be that silver output for the whole year will not decrease and they remain profitable (although at low level).
PS. sorry that my English is not so good, I am German.