The firm that operates the global price benchmark confirmed it has begun a request for proposals (RFP) process to find a new administrator for the fix.
The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.
Production at its five operating silver mines in Mexico hit a record of almost 3.86 million equivalent ounces of silver for the second quarter ending June 30.