Feb 28, 2019 Guest(s): Lon Shaver Vice President, Silvercorp Metals
Silvercorp Metals, one of the largest primary silver producers in China, has found a successful strategy in mining for lead, silver, and zinc concentrates, which would then be shipped to a domestic smelter for processing.
On demand for silver, most of the consumption is still from industry, said Lon Shaver, vice president of Silvercorp Metals.
"It's been mostly industrial consumption, and if we see that like we might see in gold - gold hasn't really had a big speculative attraction recently - if it comes into silver, that could be the thing that pushes silver prices quite a bit higher," Shaver told Kitco News on the sidelines of the BMO Global Metals & Mining Conference.