Top 10 Largest Silver Producing Countries In The World
Silver is one of the main natural resources. Humans have known it since prehistoric times. The process of extracting money and turning it into valuable items was evident in many ancient civilizations. It is mainly found in different ore forms.
However, it is mainly mined for silver-lead ore. In ancient times, the Romans discovered huge reserves in the American regions of Mexico, Chile and Bolivia.
Recently, many silver miners have discovered more mines in this area. Its price at this time is also determined by the laws of supply and demand, as is the case with many other products in the world. On the international market, its price increased to 14.32 USD/ounce. So the country's major silver mines are mining not just silver, but a lot of it. Below are the top ten countries in the world with significant land reserves. The problem is not only that there are enough reserves, but production depends entirely on an effective mining and exploitation system.
Here is the list of top 10 largest silver producing countries in the world in ascending order, from the least of the top 10 to the top highest.
Top 10 Largest Silver Producing Countries in the World
- Canada
- United States
- Poland
- Chile
- Bolivia
- Russia
- Australia
- Peru
- China
- Mexico
10. Canada
Canada is the country of silver ore. This country has more reserves than other countries in this region but cannot exploit large quantities every year. Therefore, it ranks last among the top ten silver-producing countries.
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According to recent figures, Canada produced 647 tonnes in 2014. Canada has significant reserves in British Columbia, but the main target for mining the metal is platinum veins that do not produce enough silver.
9. United States
Since 1858, the United States remained the center of silver mining for many years. Even today, several US states still mine significant amounts of their minerals, including Alaska, Arizona, Colorado, Virginia, Washington, and others.
Alaska and Nevada are two states that produce more than any other state. In 2014 alone, production reached 130 tons, while the latest statistics reveal that the United States produced a total of 1,170 tons of silver.
8. Poland
Poland's Polska Meidsz is the world's leading silver producer. Poland has the second largest reserves in Australia. It reportedly produced 1,200 tons, almost the same number produced in previous years.
According to a survey conducted by the Polish Silver Institute, the country can increase production by developing mining companies on a larger scale.
7. Chile
Chile surpasses Poland in silver production, as Chilean mines produce about 1,200 tons. And for the next three years, the government has decided to increase production by planning new mining strategies and plans to be more energy efficient and more profitable.
6. Bolivia
For three centuries, Bolivia has suffered from excessive silver mining; it is surprising to learn that the country still produces sufficient quantities. Its output has remained constant in recent years.
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The country is home to several mines, including the Potosi and San Cristobal mines, which are claimed to have the third largest reserves in the world. The country produced 1,300 tons in 2014.
5. Russia
The Kupol gold and silver mines are famous not only in Russia but also around the world for their output, putting Russia in the top 5 on the list. It produced 1,700 tons. Poly-metal International is the largest silver producer in the country. There are large reserves across the country, but there are still many undiscovered reserves.
4. Australia
Silver production in Australia reached 1,900 tons, taking fourth place on the list. Australia's mining history is rich, dating back to the 1920s with the BHP Billiton silver mining operation. BHP is the largest multinational mining company that manages various mining projects in Australia.
The Cannington mine is also operated by BHP in Australia, which produces the majority of the country's output.
3. Peru
According to the USGS report, Peru is described as the third largest silver producer in the world and has the largest known silver reserves. The country has produced large quantities in recent decades and recently skyrocketed output to 3,700 tons. The Antamina mine in northern Peru is the mining center where most of the coins are mined.
2. China
Statistics over the past 12 years show that the country's silver output has grown steadily. The country has increased production in recent years. So much so that it currently produces 500 tons less than Mexico.
The Silver Institute played an important role in the development of mining in China, except for the fact that much of its output remains a byproduct of many other mining projects. Total production is measured at 4200 tonnes of silver according to the latest figures.
1. Mexico
Mexico is home to most of the world's silver mining and manufacturing companies. Mexico is therefore ranked first. Fresnillo is notable for being the largest silver mining company in the country. The country has already produced 4,700 tons, and it plans to increase production to more than 65 million ounces in 2018.
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