World silver mine production 2005-2019

The estimated global production of silver in 2019 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 2018 were Mexico, Peru, and China. In that year Mexico produced 196.6 million ounces, Peru produced 144.9 million ounces, and China produced 114.9 million ounces.

Who produces the most silver?

Fresnillo plc was the leading global silver mining company in 2018. 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 second largest silver mining company in the world in 2018 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 2019

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Release date

February 2020



Survey time period

2005 to 2019

Supplementary notes

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

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