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Thursday, April 30, 2020

#Silver miners hit hardest-#Gold co's the least impacted-by #CoronaVirus lockdowns



Since mid-March, the response of governments worldwide to the covid-19 pandemic has led to disrupted mining activities across the globe. 

A total of 32 countries have passed partial or complete lockdown orders, leading to the temporary suspension of activities at over 1,600 mines as of April 3, though that number has since dropped down to 729 as restrictions begin to ease in certain areas, analysts at GlobalData report.

The exempted mines are, however, still operating with reduced numbers of workers to minimize the potential spread of the virus, which is causing a slow return for an industry that has already seen production hit by restrictions.

Among the mining activities affected by covid-19, silver production has been the biggest victim, with nearly 66% of the world's annual output still on hold. 




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