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As an example, SSR Mining was once known as Silver Standard Resources. It changed its name when gold became more important to its top and bottom lines than silver. The yellow metal now makes up roughly 80% of the company’s production, with silver largely accounting for the remainder.
SSR isn’t alone. Rounding a bit, Coeur generates around 70% of its revenue from gold, with silver at just under 30% (other metals make up a few percentage points). In 2010 silver was roughly 70% of the tally, so the metals have basically switched places in terms of importance to the top and bottom lines. Pan American Silver, despite its name, is no different, with the larger portion of its revenue coming from gold today. The lone standouts are First Majestic Silver, which gets roughly 60% of revenue from silver with the rest from gold, and Silvercorp Metals. However, Silvercorp just announced plans to buy a miner primarily focused on gold to increase its exposure to that metal, so it’s clearly decided to go the way of Coeur, SSR, and Pan American.
That said, compared to most primary gold producers, SSR, Coeur, and Pan American still generate a material amount of silver. First Majestic, without question, has a larger exposure to silver. And at least for now, Silvercorp is still largely a silver miner. To provide some contrast here, precious metals giants……
https://www.fool.com/investing/2020/05/15/why-silver-miners-ssr-coeur-first-majestic-and-pan.aspx