$37mn-silver recovered from WWII shipwreck

$37mn-silver recovered from WWII shipwreck

Nearly 44 tonnes of silver, worth a whopping $37 million, has been recovered from a British cargo ship that was torpedoed by a Nazi U-boat during World War II while returning from India.

The haul comes from the SS Gairsoppa, which was hit by a torpedo from a German U-boat about 300 miles off Ireland’s coast in 1941 when it was steaming home from Calcutta while in the service of the Ministry of War Transport. It now sits 15,420 feet deep.
Salvage firm Odyssey Marine Exploration Inc, a US deep-sea exploration company, said it’s the heaviest and deepest recovery of precious metals from a shipwreck ever made, the Daily Mail reported.

So far, workers have brought up more than 1,200 silver bars, or about 1.4 million troy ounces. As of mid-day Wednesday, it was worth about $37 million).
The company is under contract by the British government and will get to keep 80 per cent of the haul after expenses.

The ship sank in icy seas more than three miles deep about 300 miles south west of Ireland and only one of her 84 crew members survived. The 412-ft steamship is sitting upright on the seabed, with its holds open.
The ship, recognisable by the red-and-black paintwork of the British-India Steam Navigation Company and the torpedo hole in its side, was sailing in a convoy from Calcutta in 1941.

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