Comment: Silver Miners Lose Half A Billion Dollars

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Silver Miners Lose Half A Billion Dollars

In an amazing change of events, the top primary silver miners went from making money in the first quarter of 2013, to losing over half a billion dollars in second quarter. The majority of losses came from huge impairment charges due to much lower silver spot prices during the period.
If we look at the chart below we can see how three months and substantially lower silver prices can impact the bottom line in the top 12 primary silver miners:

http://www.silverdoctors.com/breaking-silver-miners-lose-hal...