World silver mine production 2005-2018

The estimated global production of silver in 2018 amounted to 27,000 metric tons. Production of this precious metal has thus increased considerably from the production volume of 20,800 in 2005. Humans have been mining and processing silver since antiquity.


Where in the world does silver come from?

The three leading silver producing countries worldwide in 2017 were Mexico, Peru, and China. In that year Mexico produced 196.4 million ounces, Peru produced 147.5 million ounces, and China produced 111.2 million ounces.


Who produces the most silver?

Fresnillo plc was the leading global silver mining company in 2017. The Mexico-based company produced 58.7 million ounces of silver in 2017, and 61.8 million ounces of silver in 2018. Their operational headquarters are in Mexico City, while their corporate headquarters are situated in London. In 2018 they generated a revenue of about 2.2 billion U.S. dollars. The third largest silver mining company in the world in 2017 was Glencore plc; a British-Swiss based mining company. Glencore is also one of the leading diversified mining companies worldwide, in general. In 2018, they sold around 81.4 million ounces of silver metal.

Global mine production of silver from 2005 to 2018

Production in metric tons
2018*27,000
201726,800
201625,700
201525,100
201426,800
201326,000
201225,500
201123,300
201023,800
200922,200
200821,400
200720,800
200620,100
200520,800
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Source

Release date

March 2019

Region

Worldwide

Survey time period

2005 to 2018

Supplementary notes

* Estimated.
This statistic was assembled using several editions of the report.

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