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Golden Arrow Resources Corp V.GRG

Alternate Symbol(s):  GARWF

Golden Arrow Resources Corporation is a mining exploration company. The Company is exploring the advanced San Pietro Cu-Au-Co project in Chile, and a portfolio that includes more than 125,000 hectares of prospective properties in Argentina. Its projects include Caballos, Don Bosco, Mogote, Potrerillos, Yanso, San Pietro and Rosales. The Caballos Copper-Gold Project is located in La Rioja province, in the Andean Cordillera, with elevations ranging from 4,000 m to 4,500 m above sea level. The Don Bosco Copper-Gold Project totals approximately 4,300 hectares of exploration licenses covering five distinct target areas in western La Rioja Province, Argentina. The Mogote project is located 350 kilometers (km) northwest of San Juan City, San Juan province, Argentina and adjoins the international border between Chile and Argentina. Its Rosales Project includes 3444 hectares of 100% held mineral claims. The Yanso gold project in eastern San Juan Province, Argentina.


TSXV:GRG - Post by User

Bullboard Posts
Post by flyer4on May 15, 2017 11:29am
175 Views
Post# 26244764

Global Silver Output Falls for First Time in 14 Years

Global Silver Output Falls for First Time in 14 Years

Global silver output falls for first time in 14 years

Demand from the solar industry was up 34% last year.

Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market, which hit its lowest since 1996.

According to the latest Silver Institute report, released Thursday, total silver supply decreased by 32.6 million ounces in 2016 in line with decreased demand for the precious metal, with falling jewellery, coin and bar and industrial consumption contributing to an 11% drop.

Global silver output falls for first time in 14 years

Source: World Silver Survey 2017.

But a very positive outlook for energy technologies, which has boosted commodities such as lithium and nickel used in energy storage batteries, provided a much-needed lift to silver demand last year.

Purchases from the photovoltaic industry, driven by a 49% increase in solar panel installations, jumped 34% in 2016 to a record high of 76.6 million ounces, making it the strongest year of growth since 2010.

Global silver output falls for first time in 14 years

Source: World Silver Survey 2017.

According to the study, produced on behalf of the Silver Institute by the GFMS Team at Reuters (GFMS), the jump in global solar panel installations was driven largely by growth in China and the US, where installations climbed 126% and 95% respectively.

Mexico’s output falls the most

Last year’s silver supply decline of 0.6% to 885.8 Moz was mostly due to output drops at the lead/zinc and gold sectors, where production dipped by a combined 15.9 Moz, the survey shows.

Mexico kept its leading position as the world’s largest silver producing country, followed by Peru, China, Chile and Russia.

On a regional basis, Mexico registered the largest decline in production last year, followed by Australia and Argentina. Those losses were partially offset by gains in Central and South America, as well as Asia, the report shows.

Despite the gloomy figures, Mexico kept its leading position as the world’s largest silver producing country, followed by Peru, China, Chile and Russia.

Silver scrap supply fell to 139.7 Moz in 2016, a level not seen since 1996, despite higher silver prices, the study says, adding that such contraction was largely driven by lower Asian flows, due in part to lower industrial fabrication volumes.

Good year for prices

Last year was a very good one for silver prices, as they climbed 9.3% — their first rise since 2011.  Assisting the welcomed spike was last year's supply and demand scenario, which led to another annual silver market deficit, the largest in three years and the third largest on record, reaching 147.5 Moz.

Last year’s average price of $17.14, was 28% higher than in 2007 when the precious metal traded at $13.38 average.

Global silver output falls for first time in 14 years

Source: World Silver Survey 2017.

Other Highlights:

  • Holdings in global ETPs increased robustly by 47 Moz last year, posting an all-time high in October.
  • Silver coin and medals fabrication fell by 9% in 2016, from its record high in 2015, to 123.2 Moz.
  • Total physical demand fell by 11% in 2016 to 1,027.8 Moz, pulled lower by weaker offtake for jewellery, silverware and retail investment.

You can read the full report here.

 

 
 
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