Posted on 07 16, 2024
(Washington, DC – July 16, 2024) – Ava Global Logistics and San Cristobal Mining are the newest companies to join the Silver Institute this year as members. Earlier in the year, the Institute welcomed five other companies as members: The Australian Bullion Company, Bunker Hill Mining Corp., Glencore, Silver Bullion Pte Ltd, and Sunshine Minting.
The two most recent member companies are:
Ava Global Logistics (Ava), headquartered in the UK with regional offices in New York, Miami, Buenos Aires, London, Frankfurt, Dubai, and Hong Kong, specializes in securely handling precious metals and banknotes. Ava solves operational issues, breaks down barriers, and opens new markets for their clients. With their expertise, agility, and innovative approach, Ava tackles the challenges of secure transportation and storage transparently and proactively. As a trusted name in logistics, Ava is dedicated to enhancing the efficiency and security of silver transportation and supply chain management.
San Cristobal Mining (SCM) is a private company headquartered in Vancouver, British Columbia, and in February 2023, it acquired 100% interest in Minera San Cristobal (“MSC”) from Sumitomo Corporation. MSC’s mining operation is considered one of the largest silver producers in the Americas, producing an average of 11.3 million ounces of silver annually over the last three years. As of June 2023, the Company had identified over 700 million ounces of reserves and resources across MSC’s portfolio that lie in, and within close proximity, to the mine. The Company has a vision of creating a leading silver producer through continued operation, investment in the future of the Company in Bolivia, and continued consolidation of high-quality assets globally.
Michael DiRienzo, President and CEO of the Silver Institute, stated, “We are pleased to have Ava Global Logistics and San Cristobal Mining as members of our industry association. As we continue to expand, our commitment to the global silver industry is strengthened as a provider of accurate and timely information to market participants while undertaking initiatives to create additional demand for the white metal.”
The Silver Institute is the silver industry’s primary voice in expanding public awareness of silver’s essential role in today’s world. For more information on silver, including its use in the green economy, please visit www.silverinstitute.org.
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