🔥🔥🔥🔥 Mining output of Gold/Silver is taking a nosedive!
Fresnillo PLC (the largest silver producer in the world and a major gold miner in Mexico) just dropped their mining stats:
🟡 Gold output Q1/2026: only hitting 136,074 ounces, down 12.8% from last year
🔘 Silver output Q1/2026: only hitting 11.1 million ounces, down 8.5% from last year
Fresnillo stated that the decline in output is due to factors like:
• Depleting ore reserves
• Narrow and harder-to-reach veins
• Technical issues and maintenance
➡️ Gold/Silver are considered rare assets, and as mining output may dwindle year by year, it can easily lead to price spikes when demand outstrips supply.
➡️ However, in the short term, their value is still heavily influenced by geopolitical factors, especially evident in the recent correction phase last month.
ℹ️ This content is for informational purposes only and is not investment advice.
Source Copy
$XAU $XAG $BTC
Fresnillo PLC (the largest silver producer in the world and a major gold miner in Mexico) just dropped their mining stats:
🟡 Gold output Q1/2026: only hitting 136,074 ounces, down 12.8% from last year
🔘 Silver output Q1/2026: only hitting 11.1 million ounces, down 8.5% from last year
Fresnillo stated that the decline in output is due to factors like:
• Depleting ore reserves
• Narrow and harder-to-reach veins
• Technical issues and maintenance
➡️ Gold/Silver are considered rare assets, and as mining output may dwindle year by year, it can easily lead to price spikes when demand outstrips supply.
➡️ However, in the short term, their value is still heavily influenced by geopolitical factors, especially evident in the recent correction phase last month.
ℹ️ This content is for informational purposes only and is not investment advice.
Source Copy
$XAU $XAG $BTC