DV CEO on Mexico's Silver Shortage Mexico, the world's largest silver producer, is experiencing a silver shortage due to dwindling deposits and high production costs, which have reached $32 per ounce. This situation has rendered silver mining economically unfeasible, causing a 24% production loss from the start.
Compounded by allegations of price manipulation involving the Silver Institute, JP Morgan, the Federal Reserve, and the Department of Treasury, there are additional concerns about market interference and potential rigging of silver prices.
Further, environmental and labor groups in Mexico are actively opposing mining operations due to their adverse impacts on local communities and ecosystems, leading to the shutdown of several mining operations and further exacerbating the silver shortage.
Dolly Varden Silver's (DV.v DOLLF) CEO, Shawn Khunkhun, emphasized the importance of understanding jurisdictional risks and conducting comprehensive market analysis to mitigate the challenges faced by silver mining companies in Mexico. He highlighted the significance of the Silver Academy's geographical and market research in making informed decisions. (Source: https://thesilveracademy.com/news/silver-shortage-in-mexico-worsens-labor-and-environmental-activism-silver-belongs-to-mexico/)
A High-Grade Silver Opportunity in Top Jurisdiction
Boasting a 140M high-grade and pure-silver resource, DV is advancing the Kitsault Valley Project in BC's Golden Triangle, a prolific mining area surrounded by some of the richest and largest silver and gold mines in the world.
Focused on advancing and de-risking its existing silver resources while continuing to explore the highly prospective project for new discoveries, DV sees the potential to build several silver deposits in the 50-60M ounce range in the project area.
Host to several primary silver deposits with over 95% of the metal value from silver, Kitsault is a very rare project.
As one of the few pure-play silver companies in a top jurisdiction, DV offers unique exposure to the silver market amid silvers supply forecast remaining in deficit due to rising industrial demand.
With the potential to expand significantly, DV has completed 25 holes thus far with three rigs operating 24/7 during its 25,000m 2024 exploration program.
For more information, check out DV's CEO on Kerry Lutz's Financial Survival Network detailing their significant silver inventory and new expansion potential at Kitsault following the recent discovery of new high-grade mineralization at the Moose and Chance Veins: https://www.youtube.com/watch?v=6FkHXRnzw8A
Posted on Behalf of Dolly Varden Silver Corp.