Keith Neumeyer | CEO |
Abrupt start …or produced about primarily 2020, produced about 750 million ounces of silver. This year the number is likely going to about 800 million ounces just because the COVID situation last year, the year before that we were a little over 800 million ounces.
So silver production has been in decline really since 2016. The ratio and we're consuming a billion ounces a year and then we're mining less and less every year. The ratios now fall into seven to one.