Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Danni Jerry W
 2. Date of Event Requiring Statement (Month/Day/Year)
02/14/2008		 3. Issuer Name and Ticker or Trading Symbol
APEX SILVER MINES LTD [SIL]
(Last)
(First)
(Middle)
1700 LINCOLN STREET, SUITE 3050		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior VP, Corporate Affairs
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DENVER, CO 80203		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Ordinary Shares 18,867 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy) 02/28/2006 02/28/2015 Ordinary Shares 25,000 (2) $ 18.88 D  
Employee Stock Options (Right to Buy) 12/08/2006 12/08/2015 Ordinary Shares 21,000 (3) $ 18.01 D  
Employee Stock Options (Right to Buy) 12/07/2007 12/07/2016 Ordinary Shares 22,000 (4) $ 16.4 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Danni Jerry W
1700 LINCOLN STREET
SUITE 3050
DENVER, CO 80203		       Senior VP, Corporate Affairs  

Signatures

Deborah J. Friedman for Jerry W. Danni Pursuant to Power of Attorney 02/19/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 17,275 of the 18,867 ordinary shares are restricted. The 17,275 restricted shares vest as follows: 3,750 shares on February 28, 2008; 1,125 shares on December 7, 2008; 1,325 shares on December 8, 2008; 7,500 shares on February 28, 2009; 1,125 shares on December 7, 2009; 1,325 shares on December 8, 2009; and 1,125 shares on December 7, 2010.
(2) The options vest as follows: 8,334 options on February 28, 2006; 8,333 options on February 28, 2007; and 8,333 option on February 28, 2008.
(3) The options vest in four equal installments on December 8, 2006, December 8, 2007, December 8, 2008 and December 8, 2009.
(4) The options vest in four equal installments on December 7, 2007, December 7, 2008, December 7, 2009 and December 7, 2010.

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