Odyssey Marine Exploration (NASDAQ CM:OMEX) announced on Tuesday that it had successfully retrieved 1,574 silver ingots weighing 80 pounds each for a total of almost 1.8 million troy ounces in total in July.
The recoveries were made from a depth of 4.7 kilometres or some 3 miles below the ocean's surface, setting the record for the deepest and largest precious metals recovery from a shipwreck in history.
The 412-foot steel-hulled British merchant steam ship is situated a full kilometer deeper than the Titanicshipwreck.
Odyssey's latest dive brings the Florida-based company's total haul to 2,792 silver ingots weighing 110 US tons (99.8 metric tonnes) or nearly 3.2 million troy ounces found aboard the SS Gairsoppa which was torpedoed approximately 300 miles southwest of Ireland by a German U-boat in February 1941. ...