Fresnillo Plc, the world’s largest primary silver producer, sank 3.4 percent to 1,524 pence.

全球最大的原银生产商墨西哥Fresnillo公司股价下跌3.4%，至1524便士。

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Quartz in main silver carrier mineral of primary silver deposit.

石英是原生银矿床银的主要载体矿物。

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Primary silver mine supply grew by 1% to 221.6 million ounces, accounting for 28% of global silver mine output.

FORBES: Silver Institute: Global Silver-Mine Output Rises 4% To Record High In 2012

Based on current production levels in the industry, output of 7.5 million ounces would make the new company the fifth-largest primary silver producer in the world, as well as one of the lowest-cost producers after by-product credits, McEwen reported.

FORBES: Update: McEwen Proposes Merger Of US Gold, Minera Andes

Then there is the case of the decreasing physical gold and silver in the primary exchanges.

FORBES: Gold Prices Up 11% Since Market Collapse On Physical Demand, But Bullishness Is Lacking