Total costs to mine silver are much higher than the industry is putting out in their financial statements.  With the current low price of silver below $22, the majority of primary silver producers are losing a great deal of money.   According to my calculations of my top 12 silver miners only ONE is making a little money...

 

SILVER COSTS: Much Higher Than Most Realize

http://silverdoctors.com/silver-costs-much-higher-than-most-realize/