Copper Fox Metals Inc (QX) (CPFXF) 銘柄情報

Bid 10 cents.

Looks like the price is headed lower.

Current Barchart Opinion 16 March 2021

https://www.barchart.com/stocks/quotes/CUU.VN/opinion

Copper Fox: Building a pipeline of North American porphyry copper projects

Mining Journal, 15 March 2021

Copper Fox Metals' strategy is generating porphyry copper projects for large and mid-tier producers.

insert-text-here

This is no small matter: Teck Resources JV...
Schaft Creek Joint Venture:

Teck Resources Limited ("Teck") as operator of the Schaft Creek Joint Venture has recommended a comprehensive series of studies to review all aspects (including metallurgical, pit slope design, geological modelling and environmental) of the Schaft Creek project. The objective is to review all data collected on the Schaft Creek project to the end of 2013 to update and optimize various parameters of the project. The studies will be conducted internally by Teck and outside consultants will be retained if and when necessary.

The 2014 program also has a field program planned of mapping and re-logging core to obtain a better structural understanding of the Schaft Creek deposit for pit slope design purposes. Environmental monitoring studies will continue through 2014. The 2014 program is estimated to cost approximately $2.5 million.
http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-commences-drilling-program-at-van-dyke-and-announces-the-2014-schaft--tsx-venture-cuu-201403190934311001

+42% for the week so far... On news...

Yesterday's news was a complete success:

Copper Fox Announces JV With Teck Resources For Schaft Creek
Tuesday July 16, 2013 2:42 PM

http://www.kitco.com/news/2013-07-16/KitcoNews20130716_kitco-mining-minutes.html

Copper Fox Metals Inc. (TSXV: CUU) says it has a joint venture partnership with Teck Resources Ltd. involving the Schaft Creek project, located in northwestern British Columbia, Canada. Copper Fox says the agreement replaces and supersedes the 2002 option and joint venture agreement between Teck and Copper Fox in connection with Schaft Creek. Copper Fox says Teck will divide a $60 million payment in three equal parts upon signing the Schaft Creek joint venture, upon a production decision and completion of the mine facility. “This agreement gives Copper Fox immediate access to funds and a viable partner to continue the work we have done on the Schaft Creek property without diluting Copper Fox’s 25% interest in the Schaft Creek joint venture, “ says Elmer Stewart, president and chief executive officer of Copper Fox. “With Teck’s agreement to fund future costs, we have reduced the uncertainty around Copper Fox’s future expenditures for the project.” A 10,000 meter drill program will begin before the end of July 2013, the company says.

By Alex Létourneau of Kitco News aletourneau@kitco.com

Step that baby right on up!

CUU Video Presentation


CUU President & CEO Elmer Stewart gave a presentation at the 2012 Subscriber Investment Summit, and the video of that presentation is up.

Click here to watch the CUU Video Presentation

Faith In The Future
Doubleview Explores its Three BC Copper-Gold-Silver Properties
By Kevin Michael Grace

Two thousand and eight was not the most auspicious year to start a junior mining company. And it is a bold junior who goes to the market for funding in 2012. But Farshad Shirvani, President/CEO of Doubleview Capital Corp TSXV:DBV, is confident. Confident in his management and his properties and confident that the bear market in commodity equities is over.

“I’ve been in at least three of these cycles, and historically, I think we’re at the end of this one,” Shirvani declares. “The juniors are getting back on their feet.”

Read more about doubleview's Gold-Silver-Copper play. http://resourceclips.com/2012/07/25/faith-in-the-future/

Still looking strong...

The weekly chart seems to have found a bottom...

Why CPFXF is a short term buyout potential. Only FACTS and a very good read to pass along to all your potential investors.
http://www.vette350.com/p/current-top-pick.html

GL
DP

Copper Fox Completes Land Acquisitions Covering Positive Magnetic Lineament at Schaft Creek Property
Tuesday, March 27, 2012

(via e-mail)

Vancouver, British Columbia -- March 27, 2012 -- Mr. Elmer Stewart, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) announced the acquisition of two groups of mineral tenures. One group is located adjacent the Schaft Creek project and the second group is located in the Mess Creek area. Mr. Stewart stated "the purpose for the acquisition of these mineral claims is to provide additional coverage of the interpreted extension of the Schaft Creek mineral trend and its associated positive magnetic feature. The second group of claims expands the Company's acreage in this important mining district and road access".

Highlights:

Group one -- (Marko/Mott) Approximately 4,741 hectares (24 mineral tenures) contiguous to the north and south of the Schaft Creek project have been acquired. These mineral tenures cover the extension of the positive magnetic lineament outlined in 2011 that show a strong correlation to the Schaft Creek deposit and two other zones of copper-gold-molybdenum-silver mineralization exposed on surface. These mineral tenures are subject to the Option Agreement with Teck Resources Limited ("Teck"), and
Group two -- (Ruzo) Approximately 700 hectares (2 mineral tenures) in the Mess Creek area. These mineral tenures are not subject to the Option Agreement with Teck.

Rationale for the Mineral Tenure Acquisitions:
To view the location of the interpreted Schaft Creek Mineral Trend, visit the Copper Fox website at http://www.copperfoxmetalsinc.com.

The Marko/Mott mineral claims are located along strike of the interpreted Schaft Creek Mineral Trend and the positive magnetic lineament located by the high resolution airborne magnetic survey completed by Copper Fox earlier in 2011. The historical exploration data on both groups of land packages shows the presence of elevated concentrations of copper both in soil and in rock samples. The work completed by Copper Fox in 2011 suggests that the positive magnetic feature may represent the main structure that controls the location of the mineralization within the Schaft Creek project.

Mineral Tenure Acquisitions:
Details of the transactions are provided below and the Purchase Agreements will be filed on SEDAR.

Marko/Mott Acquisition:
The two mineral claim blocks (consisting of 24 mineral tenures totaling 4,741.55 hectares) from Randy Marko and Paul Mott ("Marko/Mott") are contiguous to the Company's Schaft Creek project. Consideration paid by Copper Fox was $25,000 cash and a 2% net smelter return (NSR) royalty on the mineral claims subject to a "Partial NSR Buyout Option". The Partial NSR Buyout Option allows Copper Fox at any time to purchase half of the NSR for a cash payment of $1.0 million such that the NSR is reduced from 2% to 1%.

Ruzo Acquisition:
The two mineral tenures totaling 700.52 hectares located east of the Mess Creek mineral claims held by Copper Fox were purchased from V. Ruzo. These mineral tenures are not subject to the Option Agreement with Teck. Consideration paid by Copper Fox was $7,000 cash and a 1% net smelter return (NSR) royalty on the mineral tenures. The NSR Buyout Option allows Copper Fox at any time to purchase the NSR for a cash payment of $0.25 million.

Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Corporation's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the technical information disclosed in this news release.

Fantastic stuff... the weekly chart is strong like a garlic milkshake... that's really strong!!!

Another good week Up 12% for the day and 22% for the week.

http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/518024-news-out-finally/messages/1642844#message

Scoreboard for the week: +14.55%

While I was accurate with Copper Fox's trending share price before today, I was way off the mark with with copper price having just glanced at the i-Box chart which was a snapshot from 1/2011 not the live chart intended to be there... I am fixing it now. My apologies for any confusion this probably caused.

Live 15 year chart of copper:

.................................................

How do you figure all time highs?
http://www.kitcometals.com/charts/copper_historical_large.html#30days

Copper at new all time highs but this is bottom trending.

Will this bounce.

Copper Fox CEO Video

Copper Fox Metals CEO gave a presentation at this year's Subscriber Investment Summit. Good video, imo. Watch Here

Love your chart settings. Going to have to copy them.

A HUGE confirmation of Monday's reversal...

On a run today. Maybe bottom is in.

News just out: Copper Fox Welcomes the Awarding of the Construction Contract for the Northwest Transmission Line Project
September 06, 2011

http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=477391&_Type=News-Releases&_Title=Copper-Fox-Welcomes-the-Awarding-of-the-Construction-Contract-for-the-North...

Vancouver, British Columbia -- September 6, 2011. Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) applauds the recent announcement that BC Hydro has awarded the design and construction contract for the Northwest Transmission Line (NTL) project. This decision compliments and completes the granting, by the Provincial Environmental Assessment Office on February 24, 2011, of an environmental certificate for the extension of the power grid to the so called Golden Triangle area located in North Western British Columbia.

Elmer B. Stewart President and CEO of Copper Fox stated, "We applaud BC Hydro for this announcement. The awarding of this contract is a major milestone toward delivering the necessary power for the development of the north western portion of the province, an area which hosts enormous potential for development, including mining and green energy, which would provide significant long term economic and employment benefits to the region. This announcement provides security of electrical power to move the development of projects like Schaft Creek one step closer to becoming an operating mine. The development of the Schaft Creek project would add approximately 800 full time jobs and approximately 1,600 jobs in industries supporting the operation of the Schaft Creek project."

Drilling Intersects 0.81% Copper Equivalent Over 154m at Schaft Creek and Extends Higher Grade Mineralization to the East
September 06, 2011

http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=477176&_Type=News-Releases&_Title=Drilling-Intersects-0.81-Copper-Equivalent-Over-154m-at-Schaft-Creek-and-Ex...


(for the complete release, click the link above... )

Copper/gold ratio:

..................................................

Link to Infomine's copper page:

http://www.infomine.com/commodities/copper.asp

For the week: +5.63%

I think we have seen the low... turning back up.

...............................................................................

Elmer B. Stewart President and CEO of CopperFox stated, "The completionof the resource estimate is a great milestone for Copper Fox. Ourprimary objective now is to complete the feasibility study for theSchaft Creek project as soon as possible. The strategy for the resourceestimate was to eliminate areas of very low grade mineralization andtherefore reduce grade smoothing. The updated resource estimate showsthat the average metal grades for the deposit remain relativelyconstant up to a 0.25% copper equivalent cut-off, above which the tonnes decrease significantly with a corresponding increase in theaverage metal grades. The 2011 drilling program is focusing on thehigher-grade mineralization intersected in the Paramount zone in 2010with the objective of defining a higher-grade "starter pit" andincreasing the tonnage and average grade of the metals in this zone.Copper Fox expects to complete a resource estimate update for this zoneafter completion of the 2011 drilling program."

Base Case:Copper Fox has selected the 0.20% copper equivalent ("Cu Eq.") cut-offfor its base case resource estimate. A 0.12% Cu Eq. cut-off was theminimum grade of copper equivalent estimated by AMEC required (usingthe estimated copper recovery rate, the milling and sales cost) tobreak-even on an operating cost per tonne basis. In adopting a moreconservative approach to optimize the economics, Copper Fox hasselected a higher cut-off grade to increase the average copper gradeper tonne while reducing tonnage.


All in context of the NR: Tonnes decrease but grades go higher well ok and they are using a 8% higher cut-off of course the M&I will reflect that as Elmer states..."to therefore reduce grade smoothing" pretty honest stuff

I added back a few shares I sold at 2.23 in April. Missed the low of day, but if it gets back to the 1.50 area I would likely add a few more.

My friends, for the week: -4.81% but the price of copper has never been higher!!!

Copper Fox Commences 2011 Drilling Program, Updates Other Activities at Schaft Creek, Tuesday, May 31, 2011

(by e-mail alert)

Vancouver, British Columbia - May 31, 2011. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to announce that diamond drilling of DDH CF407-2011 at Copper Fox's 100% owned Schaft Creek copper-gold-molybdenum-silver porphyry deposit located in northwest British Columbia has commenced. This hole is designed to test the eastern extension of the large chargeability anomaly associated with the zone of higher-grade mineralization intersected in 2010. An update on the progress of the resource estimate and airborne magnetic survey is also provided.

Highlights:

a) Diamond drill hole ("DDH") CF407-2011 is underway and is located on the same site as DDH CF406-2010. A second diamond drill is expected to arrive at Schaft Creek by mid June 2011,

b) The primary objective of the 2011 drilling program is to test at depth a 1,200m long by 600m wide portion of the large chargeability anomaly associated with the higher-grade mineralization located in 2010 and test the ES and GK zones of mineralization that are on the recently acquired lands located immediately north of the Schaft Creek deposit,

c) Completion of the high resolution aeromagnetic survey of the Schaft Creek project has been delayed due to adverse weather conditions. The survey is approximately 60% complete and results of this survey will be announced upon receipt of the surveyor's reports following completion, and

d) AMEC are working toward delivery of the updated resource estimation. The receipt of this report is expected shortly.

Elmer B. Stewart President and CEO of Copper Fox stated that "Our first priority for 2011 is to complete the feasibility study on the Schaft Creek deposit and to do this we must first receive the updated resource estimation. The delay in receiving this report has been frustrating but resource estimations are complex in-depth studies especially when dealing with a substantial amount of legacy data such as at Schaft Creek. I am confident that this report will be completed soon and we can then move quickly to complete the feasibility study. The delay in completing the airborne magnetic survey is a function of the weather conditions around Schaft Creek but has not affected the other portions of the 2011 program. I am pleased that we re-started the testing of the extensions of the large chargeability anomaly associated with the higher-grade mineralization located in 2010. This anomaly is interpreted to have the best potential to substantially expand the limits of the mineralization in the Schaft Creek deposit".

Diamond Drilling Program:
The drilling of DDH CF407-2011 has commenced. This hole is collared on the same site as DDH CF406-2010 but is being drilled at a steeper angle and has a minimum target depth of 800m. The final depth of this hole will be determined based on observation of the core as drilling progresses. The objectives of the 8,000m diamond drilling program are to:

a) test the lateral and depth extensions of the large chargeability anomaly associated with higher-grade mineralization located in 2010,
b) subject to the results of the planned Titan-24 survey, diamond drill test the ES and GK zones of mineralization that are located on the recently acquired lands, and
c) diamond drill test the large chargeability anomaly located north of the Paramount zone.

A second drill is expected to arrive at Schaft Creek in mid June. Depending on snow conditions, this drill may be used to test the separate large chargeability anomaly located north of the Paramount Zone. The 2011 drilling program has been modified slightly to allow testing of the western wall of the proposed starter pit. The majority of the drilling is dedicated to testing the strike, depth and eastern extension of the large chargeability anomaly associated with the higher-grade mineralization located in 2010. Contingent on the results of the drilling of the chargeability anomaly, the size of the 2011 drilling program may be expanded by increasing the metres to be drilled and adding a third diamond drill to the program.

Airborne Geophysical Survey:
Adverse weather conditions have contributed to a lower than expected number of kilometers that can be flown in a day. This decrease in daily productivity has increased the number of days required to complete the high resolution airborne magnetic survey over the Schaft Creek project. This delay does not affect the other activities associated with the 2011 program. The survey is approximately 60% complete and due to improving weather conditions the survey is expected to be completed within 10 days assuming good weather conditions.

Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed the technical information disclosed in this news release.

Big news comes out next week resorce estimite big gains comming

-9.67% is the scorecard for the week...

News out and surprised or should I say Shocked and Amazed that we didn't gap up to 3.00
Oh well its still early.
Z

great week last week up 2.69 but going to doube that by the end of the mont with the ntl aproval and re in the same week

For the week: +3.83%

Copper Fox Announces Strategic Acquisitions to Enlarge Schaft Creek Property and Purchase of Liard Copper Mines Ltd. Shares

--------------------------------------------------------------------------------
Sent by e-mail: Thursday, March 24, 2011

Vancouver, British Columbia -- March 24, 2011 -- Mr. Elmer Stewart, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) announced today that Copper Fox has completed the acquisition of two very significant mineral properties and the purchase of shares of Liard Copper Mines Limited (Liard). He stated that "both the Paget and the Greig/Kreft mineral claims cover the interpreted extension of the mineralized trend that hosts the Schaft Creek deposit. The widespread copper-gold mineralization, geology and apparent control on the mineralization on these claims show many similarities to that seen at Schaft Creek. Based on these criteria, the potential to find additional mineralization to the north of the Schaft Creek deposit is considered excellent. Furthermore the Company is delighted to have acquired a direct minority interest in Liard, which holds a 30% NPI in the Schaft Creek project."

Highlights of Acquisitions:

1.Copper-gold mineralization that measures 1,100m long by 300m wide, based on historical and current surface grab and chip sampling, has been outlined on the Paget mineral claims.
2.The average of the 32 samples collected from the Paget claims was 0.87% copper and 0.31 g/t gold,
3.Wide spaced reconnaissance sampling on the Greig/Kreft claims in 2008 consisted of 17 grab and chip samples that averaged 1.24% copper, 16 g/t silver and 0.07g/t gold according to a property assessment report filed in 2008, and
4.The interpreted Schaft Creek mineralized trend (including the Schaft Creek deposit) extends for a distance of at least 10 kilometres to the north end of the newly acquired Greig/Kreft claims.
Rationale for the Acquisitions:

To view the location of the interpreted Schaft Creek mineral trend, visit the Copper Fox website at www.copperfoxmetals.com.

The Paget and Greig/Kreft mineral claims located north of the Schaft Creek deposit cover an area that extends over a distance of approximately 8 kilometres. The historical exploration of this 8 kilometre trend completed between 1960 (primarily in the 1960's) and 2008 confirmed the presence, where exposed in outcrop of significant, widespread copper-gold-molybdenum-silver mineralization. The copper mineralization is reported to be exposed primarily in the Mount LaCasse volcanics and is associated with widespread argillic and propylitic alteration. Exploration and property assessment reports indicate that the copper mineralization (disseminated and fracture controlled bornite and chalcopyrite) occurs along the contact between the Mount LaCasse volcanics and the underlying intrusive rocks. This is a setting similar to that defined by Copper Fox in 2010 for the higher-grade copper-gold-molybdenum-silver mineralization at the north end of the Schaft Creek deposit. The widespread mineralization, geology, alteration and the apparent control of the mineralization show many similarities to that seen at Schaft Creek. Based on these criteria, the potential to find additional mineralization on the recently acquired mineral properties is considered excellent.

Mineral Claim Acquisitions:

Details of the transactions are provided below and the Purchase agreements will be filed on Sedar:

1.The purchase of two mineral claims (2,786.54 hectares) from Charles James Greig and John Bernard Kreft ("Greig/Kreft") are contiguous to the Company's Schaft Creek project. Consideration paid by Copper Fox was $250,000 cash, 1,250,000 common shares of Copper Fox and a 2% net smelter return (NSR) royalty on the mineral claims subject to a "Partial NSR Buyout Option". The Partial NSR Buyout Option allows Copper Fox at any time to purchase half of the NSR for a cash payment of $1.5 million such that the net smelter royalty is reduced from 2% to 1%.
2.The purchase of one mineral claim (192 hectares) from Paget Resources Ltd ("Paget") that abuts the current Schaft Creek mineral claims owned by Copper Fox. Copper Fox paid Paget $350,000 cash and granted Paget a 2% net smelter return royalty on the mineral claim subject to a "Partial NSR Buyout Option". The Partial NSR Buyout Option allows Copper Fox to purchase half of the NSR for a cash payment of $1.5 million such that the net smelter royalty is reduced from 2% to 1%.
3.Copper Fox acquired 26,954 shares of Liard Copper Mines Ltd. (Liard), a private company incorporated in BC from Mrs. Mary Elizabeth Dunn for a cash payment of $269,540 and 245,000 common shares of Copper Fox. Liard holds a 30% Net Profits Interest (NPI) royalty in the Schaft Creek project. Teck Resources Limited (Teck) owns 78% of the issued and outstanding shares of Liard. Upon completion of a positive Feasibility Study, Copper Fox will acquire Teck's 78% interest in Liard. The shares acquired by Copper Fox as a result of this transaction with Mrs. Dunn represent approximately 1.47% of the issued and outstanding shares of Liard.
Resource Estimate:

AMEC has advised that the resource estimate originally scheduled for completion at the end of March has been temporarily delayed. Copper Fox is working with AMEC to resolve database issues identified during the data verification. AMEC have established there is an inconsistency between the silver analysis of core samples analyzed by Asarco, Hecla, Teck and Copper Fox over approximately 60 years of exploration on the Schaft Creek property. The inconsistency in the silver concentrations may require that the silver content of the mineralization not be reported in the pending resource estimate which is expected before the end of April, 2011. Mr. Stewart stated "the majority of the data from the Schaft Creek deposit was collected before 1985. The issues we are dealing with are typical of deposits with a considerable amount of historical data where verification of the historical data is challenging. Re-sampling of between 5% and 10% of the historical core (approximately 3,000m) combined with a geostatistical analysis of the silver data base will be required to obtain the confidence necessary to estimate the average silver content of the mineralization. This work is expected to commence in mid May 2011 in conjunction with the start of the planned 2011 diamond drilling program. On completion of the re-sampling and 2011 diamond drilling program, the resultant data will be included in an updated resource estimate.

The re-sampling and additional diamond drilling proposed above would not affect the completion date for the feasibility study on the Schaft Creek deposit which is expected to be completed either by the end of June or early July.

A correction and now another monster week +23%

For the week: +27%

Was trying to figure out what was up with this stock.
Best I could find:

http://caps.fool.com/Blogs/your-inside-track-to-the-next/506380?source=ihpsitcag0000002&lidx=3#comment539931

Probably still a solid hold? Maybe even worth chasing?

Catalyst #8:

7.7 billion pounds of copper, 8.1 million ounces of gold, 584 million pounds of molybdenum, and 69.4 million ounces of silver. And that's before the looming resource expansion from highly successful 2010 exploration. Any project of that scale is a catalyst for share appreciation in its own right within the ongoing bull market for precious and base metals.

I won't chain my price targets to precise timetables, since too many factors are at play with respect to permitting, metal price volatility, etc. But I will say I fully expect to hold my shares (whether as a standalone company or subsequent to any potential dealmaking), to a target of at least $4 by, roughly, the end of 2012. That is a very conservative projection, in my view. I'd be guessing at a high price for 2011, since it's shorter than the timeframes I normally consider, but I could throw $2.50 as a cozy target for the year.

There are risks, not unlike those facing any pre-production resource company. But weighed against potential reward, and especially given the persistently low valuation of Schaft Creek reflected in the shares, I view Copper Fox in a very favorable light.

Down ~10% today... looks painful in the books.

1.25$ new shares... nice

My friends, for the week: -6%

Copper prices have never been higher... see the 15 year chart in the i-Message.

Consolidating here between 85/95...

16% jump to close the year on a high note!!!

CPM Group Looks For Historically High Silver Prices For Next Decade

10 December 2010, 10:30 a.m.
By Kitco News
http://www.kitco.com/

http://www.kitco.com/reports/KitcoNews20101210AS_CPM.html

(Kitco News) - Silver prices are projected to remain at historically high levels over the next 10 years, concludes CPM Group in its 2010 edition of its “Silver Long-Term Outlook,” released Thursday by the New York commodities research and advisory firm.

The 224-page study is a comprehensive analysis of the key market fundamentals of silver that are expected to influence prices over a decade. The report contains projections for global mine production through 2019 on a mine-by-mine basis and also contains a new China section with an analysis of the silver supply and demand in a previously opaque market. CPM Group said the use of silver in China during 2009 was perhaps twice as much as had been believed.

The report also reviews uses for silver, including new fabrication demand such as solar panels, as well as investment. The report includes 10-year projections of supply, demand, and prices under a base case and two alternative scenarios.

“Strong investment demand, the single most important factor in influencing the price of the metal, is expected to keep silver prices at elevated levels during the projected period,” CPM Group said in a news release announcing the publication, which can be purchased. “Investors who view silver as a safe-haven asset are expected to continue buying large amounts of silver over the next couple of years as uncertainty regarding global economic growth, financial market instability, and volatility in major currency markets persist. As these concerns recede later in the decade, investment demand is projected to decline. Silver prices are expected to weaken alongside the decline in investment demand as the decade progresses.”

CPM Group said fabrication demand for silver is forecast to rise over the projected period, providing additional support to prices.

“Even in present economic conditions, there is strong demand for some of the products in which silver is used, including various electronic components used in a full range of consumer and industrial equipment,” CPM Group said. “Fabrication demand for silver is expected to rise further over the next few years, due to an anticipated improvement in global economic activity coupled with increased use of silver in some of its new and relatively new uses, such as solar panels, silver-zinc batteries.”

Primary silver mine production is expected to increase due to high silver prices and the relatively low cash and total operating costs, CPM Group said. Also, since much silver is produced as a byproduct of gold, copper, lead, and zinc, favorable market fundamentals and rising prices for these metals are expected to mean higher output and thus more silver as a by-product during the initial years covered by the CPM Group report. However, during the second half of the forecast period, net additions to silver mine supply are expected to decline, which CPM Group forecast to support silver prices during that time.

Meanwhile, CPM Group said silver use in China is estimated to have risen around three and a half times over the last decade, from 40.8 million ounces in 2000 to 139.2 million ounces in 2009, twice as large as many Western commentators have previously suggested. “Chinese silver fabrication demand is projected to account for nearly a fifth of global silver fabrication demand this year,” CPM Group said.

Previously, a lack of reliable statistics on silver fabrication demand and secondary recovery prevented China’s inclusion in international statistics. However, CPM said it has developed what it feels are sufficiently reliable statistics on silver fabrication demand by major industrial category and scrap recovery, relying on a network of industry associations and industrial participants in these markets.

By Allen Sykora of Kitco News; asykora@kitco.com