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Show COST OF PRODUCING " SILe DECBIS Is Nearly 50 Cents an Ounce Less Than Twenty-five Years Ago. The average rust of pro-liK-inp silver from silver mines today la rw-ariy r.O cents lc-r ounce l;ss ih.in twenty-rive years ao, eaya the Mini up? and Financial Kecord. .Seven of our biKost silver mines, whirli ar pn'iii:!nK In l'.tlti nearly 14 per cent of tlie, wotM'n cniliT! nilver output from all sources, prod a-a ovr L'.i.uu, iiu'j ou n :! yearly at an average cost J1 cents per ounce. The average cORt of all silver t-lupped by Hlilpplnpf Htlver mines and silver-lead mines (excluHivfi of silver recovereil In copppp rerirniiKi Is between 30 cents and I'l cents per ounce, with the probabilities probabili-ties neaier the lower ligure. lri 1 SLt.'i l he lute It. K Hothweil estimated 77 ',2 c'nls jer nutve as the average cont nf producing pro-ducing silver In the Wniied Sint''s i hat year. In the 'Imjs only a few of the richest rich-est mines could tlmw coats as low fl3 SO cents pt-r ounce. The bonanza Ontario silver mine spent 54 cents per ounce on Ihe Ui.7Hr,,77 ounces produced In fifteen years from 1S77 to It cost the Alice, at Butte, Morit., 7') cents per ounce on the 8.721,ri'J7 ounens producffl In eleven and on-half years from 1XM) to 1 SO l . Both were big , dividend payers. : Silver at tin cents per ounce Is really: equivalent to a price of over $1 per ounce I In the 'rids, considering the lower cost of1 production now, thanks to lower cost of. mining, treatment, and freight, and bet-i ter recoveries from the ores. |