Long time primary silver miner, Hecla Mining, recently announced the takeover of Klondex Mines http://ir.hecla-mining.com/file/Index?KeyFile=392644009. Klondex has 3 producing gold mines and is not a silver miner. With this acquisition, Hecla's revenues will now be primarily from gold mining (at 50% of their total revenues) while only 30% of total revenues is now from silver mining. Jason outlines in the video how Nolan Watson confirmed this trend 2 weeks ago in his new interview that primary silver mines are NOT economic compared to primary gold mines. Many of the larger primary silver miners like: Fresnillo, Coeur D'Alene Mining (CDE), Hecla Mining and Silver Standard (now SSR Resources) are all moving much larger percentages of their total annual revenues into gold mining and away from silver mining. At just above $16/oz when this video was recorded, we are not at a silver price where other than Mag Silver's massive mine that new primary silver mines can be economic. In 2013, Hecla Mining start moving their revenues away from silver with their acquisition of Aurizon Mines and their producing gold mine in Quebec http://ir.hecla-mining.com/file/Index?KeyFile=17249854 Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]