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WORLD’S 2ND LARGEST SILVER MINE SHUT DOWN

The world’s second largest primary silver mine, Tahoe Resources Escobal Mine, was forced to shut down operations in Guatemala by a ruling from the country’s Supreme Court. This was due to a provisional decision by the Guatemalan Supreme court in respect of a request by CALAS, an anti-mining group, for an order to temporarily suspend the license to operate the Escobal Mine until there is a full hearing. (picture courtesy of Tahoe Resources)

While this story has been out for a few days, I believe there is a great deal of misinformation on the Mainstream and Alternative media about the current situation and future outcome of Tahoe’s flagship Escobal Mine. Some analysis suggests that this is just a small speed-bump for Tahoe, so when they are able to address disputed regulatory issues, production and profits will shortly return once again.

However, there also seems to be a another side to the story that could cause more problems for Tahoe with a much longer suspension time than the company is publicly stating. For example, the following was published in the article… Tahoe Resources forced to halt Escobal mine in Guatemala:

A Shutdown Of The Escobal Mine, Ranked #2 In The World, Would Remove 21 Million Oz Of Supply

According to the 2017 World Silver Survey, Tahoe Resources Escobal Mine ranked #2, behind Fresnillo PLC’s Saucito Mine in primary silver production in 2016.  Here are the top five producing primary silver mines in 2016 (Moz – million ounces):

1. Saucito (Mexico) = 21.9 Moz
2. Escobal (Guatemala) = 21.2 Moz
3. Dukat (Russia) = 19.8 Moz
4. Cannington (Australia) = 18.2 Moz
5. Uchucchacua (Peru) = 16.2 Moz

Furthermore, the data in the 2017 World Silver Survey reports that a total of 265 million oz (Moz) of primary silver was produced last year.  Thus, the Escobal Mine represents 8% of total global primary silver mine supply.  If Haywood Analysts are correct that production at Escobal may not resume in 2017, than the mine is likely to lose nearly half of the 20-21 Moz forecasted for 2017.
While this is not a great deal of silver compared to total world silver supply of 886 Moz (in 2016), if the Escobal Mine is shut for a longer period of time, or indefinitely, it could impact the silver market over the next few years.

Credit to srsroccoreport.com

What will happen Sept, 23,2017?Steve Quayle

Pope Francis Decries ‘Very Dangerous Alliance’ Between U.S. and Russia

I think he prefers them to be at war

Franco Origlia/Getty

by Thomas D. Williams, Ph.D.8 Jul 2017 
In a new interview, Pope Francis said he fears there are “very dangerous alliances between powers who have a distorted view of the world,” including such an alliance between the United States and Russia.

Pope Francis told his interviewer, the Italian journalist Eugenio Scalfari, that he was worried about the G20 summit, which brings together leaders from 20 of the largest economies in the world, along with finance ministers and central bank governors.

“I’m afraid that there are very dangerous alliances between powers who have a distorted view of the world: America and Russia, China and North Korea, Putin and Assad in the war in Syria,” Francis reportedly said.

The Pope said that his greatest concern was the “danger for immigration.”

“As you know well, the main problem in today’s world—which is unfortunately growing—is that of the poor, the weak, and the excluded,” Francis said, “of which immigrants form part.”

“On the other hand there are countries where the majority of the poor do not come from migratory flows but from social disasters; others have few local poor but fear the invasion of migrants,” he continued.

“That’s why the G20 worries me: it primarily affects immigrants from countries all over the world and affects them even more as time goes on.”

Asked for his views on underlying causes driving mass migration, Francis said that the primary reason behind contemporary migration is economic.

“Make no mistake, poor nations are drawn to the continents and countries of ancient wealth,” he said, “especially Europe.”

“Colonialism began in Europe. There were positive aspects of colonialism, but also negative. Nonetheless, Europe grew richer, the richest in the world. It will therefore be the main target of migratory peoples,” he said.

In the interview, Scalfari expressed his own opinion to the Pope regarding the future of Europe, stressing the need for Europe to take on a federal structure, an opinion shared by the pontiff.

European nations will move “if they realize one truth,” Francis said, “either Europe becomes a federal community or it will no longer count for anything in the world.”

Since his election as Pope, Francis has granted a number of interviews to Scalfari, an atheist and co-founder of the Italian daily, La Repubblica. The journalist allegedly does not record their conversations but publishes the interviews from memory.

Nevertheless, to date the Pope has never taken back anything that Scalfari has written, and nor has he stopped granting him interviews, which had led observers to conclude that he is pleased with what Scalfari writes.

 Credit to Breitbart