Global silver mine production 2005-2023

The estimated global production of silver in 2023 amounted to 26,000 metric tons. The worldwide production of this precious metal has seen a continual annual increase since 2020. Humans have been mining and processing silver since antiquity.

Where in the world does silver come from?

The three leading silver producing countries worldwide are Mexico, China, and Peru. In 2023, Mexico produced 6,400 metric tons worth of silver, while production in China and Peru had surpassed 3,000 metric tons that year.

Who produces the most silver?

Fresnillo plc was the leading global silver mining company in 2022. The Mexico-based company produced 51.1 million ounces of silver that year. Their operational headquarters are in Mexico City, while their corporate headquarters are situated in London. One year earlier, in 2021, the revenue generated by Fresnillo, reached a record high of 2.85 billion U.S. dollars. The second-largest silver mining company in the world was KGHM Polska Miedz S.A., a Polish based mining company.