Mar 01, 2018 Guest(s): Phil Baker CEO, Hecla Mining
A lack of silver exploration in the last 30 years has caused silver production to reach a peak, said Phil Baker, CEO of Hecla Mining. "I would characterize it as having reached a peak level of silver production," Baker told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. "There hasn't been an exploration, certainly in the lead and zinc area, and so there is a continued coming deficit."Baker noted that silver has demand from new applications that have come into existence in the last 20 years, such as photovoltaic cells, and film equipment.