NEW YORK (Scrap Register): United States mines has produced 85,5 00 kilograms (kg) of silver during the month of June this year, a slight increase compared with May ’s revised production and a 6% decrease compared with that in June 2016, according to the latest figures released by the U.S. Geological Survey.
Based on unrounded data, the average daily silver production in June was 2,850 kg, a 5% increase compared with 2,710 kg in May and 6% less than 3,020 kg in June 2016.
The average daily silver production in the second quarter of 2017 was 3,840 kg. This was an 8% decrease from the average daily silver production in the first quarter of 2017, which was 3,090 kg, and a 7% decrease when compared to the second quarter of 2016.
A strike at Hecla’s Lucky Friday Mine in Idaho shut the mine down for the entire second quarter contributing to lower domestic silver production in the second quarter of 2017 (Hecla Mining Co., 2017).
During the second quarter of 2016, the Lucky Friday Mine contributed 26,700 kg, or 10%, of U.S. silver production during this period (Hecla Mining Co., 2016). Negotiations continued into August; however it was uncertain when any labor agreement would be reached (Matyi, 2017).