It also is mined from the minerals acanthite (silver sulfide) and stephanite. Most silver is derived as a by-product from ores that are mined and processed to obtain these other metals. Miners were compelled to shut operations as per government mandates. The discovery of silver in Texas is credited to the Franciscan friars who discovered and operated mines near El Paso about 1680. The Zacks Mining - Silver industry has been bearing the brunt of weak silver demand due to COVID-19 pandemic hit industrial sector. Silver is mined in many countries, but most comes … This was a result of declining grades at several large primary silver mines and disruption-related losses at some major silver producers. Material and statistics in this section were adapted in part from the Silver Institute’s World Silver Survey 2020. Silver also is found in the common minerals chlorargyrite (silver chloride) and polybasite. Primary silver production declined by 3.8 percent in 2019 to 240 Moz. This annual survey also includes current information on prices and leasing rates, mine production, silver trade, above ground stocks, and investment. The silver occurs within the ores of these metals in one of two ways: 1) substituting for one of the metal ions within the ore mineral's atomic structure; or, 2) occurring as an inclusion of native silver or a silver … Silver is sometimes encountered in pure form. These mines were worked for a number of years until the Franciscans, fearing to lose control of them to the Jesuits, concealed them.In July 1793 one mine near El Paso was reopened and worked until Mexican independence in 1821, when its location was again lost. Global mine production fell for the fourth consecutive year in 2019 by 1.3 percent to 836.5 Moz. Deposits of native (chemically free, or uncombined) silver are also commercially important. Silver is found generally in lead ores, copper ores, and cobalt arsenide ores and is also frequently associated with gold in nature. These mines are upon the Pacific slope of the silver-yielding range of Sonora and Durango in Mexico. Meanwhile, silver and gold producer Great Panther Mining Limited (TSX:GPR) (NYSEAMERICAN:GPL) reported record net income of $8.6 million and operating cash flow of $19.5 million for Q2 2020 despite temporary shutdowns at two of its three mines. Fresnillo plc was the leading global silver mining company in 2018. This fully permitted mine will also be one of the lowest-cost silver producers in the world at only US$8/oz Ag (AISC) after byproduct credits. Other mines were found and worked with profit in Arizona farther west, near the Gila River. The Mexico-based company produced 58.7 million ounces of silver in 2017, and 61.8 million ounces of silver in 2018. Most of the silver produced today is a byproduct of mining copper, lead, and zinc. 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