November 3, 2009

Silver Production

Global silver mine production reached a fresh record high in 2008 totaled 680.9 Moz, driven by strong production increases in Bolivia, Russia, and Peru. Peru was the world’s biggest silver mining country in 2008, followed in the rankings by Mexico, China, Australia, and Chile.


Top 20 Silver Producing Countries in 2008
(millions of ounces)
1.
Peru
118.3
2.
Mexico
104.2
3.
China
82.8
4.
Australia
61.9
5.
Chile
44.9
6.
Poland
38.9
7.
Russia
36.1
8.
United States
36.0
9.
Bolivia
35.8
10.
Canada
21.5
11.
Kazakhstan
20.2
12.
Turkey
10.1
13.
Argentina
9.9
14.
Sweden
8.4
15.
Indonesia
8.0
16.
Morocco
7.8
17.
India
7.1
18.
Guatemala
3.2
19.
Iran
3.2
20.
South Africa
2.7

Top 20 Silver Producing Companies in 2008
(millions of ounces)
Company
Country
Output
1.
BHP Billiton
Australia
42.3
2.
KGHM Polska Miedz
Poland
38.4
3.
Fresnillo Plc¹
Mexico
34.8
4.
Cia. Minera Volcan²
Peru
23.0
5.
Pan American Silver¹
Canada
18.7
6.
Cia. de Minas Buenaventura²
Peru
17.5
7.
Polymetal¹
Russia
17.2
8.
Hochschild Mining
Peru
16.9
9.
Kazakhmys
Kazakhstan
15.6
10.
Southern Copper Corp.
USA
12.3
11.
Coeur d'Alene Mines¹
USA
12.0
12.
Teck Resources
Canada
11.6
13.
Industrias Peñoles³
Mexico
11.2
14.
OZ Minerals4
Australia
10.4
15.
Kinross Gold5
Canada
10.1
16.
Yamana Gold6
Canada
9.8
17.
Goldcorp
Canada
9.6
18.
Codelco7
Chile
9.3
19.
Xstrata Zinc8
Switzerland
9.0
20.
Hecla Mining¹
USA
8.7
¹ Primary silver producer.
² Includes attributable production from minority subsidiaries.
³ 2007 restated following Fresnillo Plc listing.
4 Pro-forma, subsequent to Oxiana-Zinifex merger.
5 Estimate.
6 Pro-forma sales, subsequent to Meridian acquistions.
7 Contained silver in anode slimes.
8 Reported sales.

World's Leading Primary Silver Mines in 2008
(millions of ounces)
Rank
Mine/Country
Operating Company
Prod.
1.
Cannington¹, Australia
BHP Billiton
34.56
2.
Fresnillo, Mexico
Fresnillo Plc
33.78
3.
Dukat, Russia
OJSC Polymetal
12.50
4.
Uchucchacua, Peru
Compañia de Minas Buenaventura SA
11.42
5.
Arcata, Peru
Hochschild Mining
9.03
6.
Greens Creek², U.S.
Hecla Mining Co
7.23
7.
Imiter, Morocco
Société Métallurgique d'Imiter
6.25
8.
Alamo Dorado, Mexico
Pan American Silver Corp
6.12
9.
San José, Argentina
Hochschild Mining / Minera Andes
4.38
10.
Pallancata, Peru
Hochschild Mining / International Minerals Corp
4.19
11.
La Colorada, Mexico
Pan American Silver Corp
3.91
12.
Huaron, Peru
Pan American Silver Corp
3.63
13.
Lunnoye, Russia
OJSC Polymetal
3.40
14.
Ying³, China
Silvercorp Metals Inc
3.41
15.
Tayahua4, Mexico
Grupo Carso
3.29
¹ Reported payable metal in concentrate; ² 2008 estimate; ³ Reported Sales; 4 Estimate
Material and statistics in this section were adapted in part from the Silver Institute's World Silver Survey 2009 publication.

From http://www.silverinstitute.org/production.php

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