The Primary Silver Miners lastest results were quite dismal as their All-In Sustaining Costs to produce silver were considerably higher than the market price. Many of the silver miners production costs increased in the third quarter of 2018 due to higher energy, material, and labor costs.
Only one silver mining company out of the group posted a profit of $6.8 million for the quarter, and that was Fortuna Silver Mines. The biggest loser was Coeur Mining which suffered a $53 million loss for the period. Even the largest silver miner in the group, Pan American Silver, reported a surprise loss of $9 million Q3 2018.
Now, according to the silver mining companies All-In Sustaining Costs (AISC), only two were lower than the current silver market price: