KGHM is the world’s largest silver producer
The „World Silver Survey” is one of the key annual reports on silver and the only to rank all producers of this metal. The survey is prepared by the GFMS team of global metals market analysts at Thomson Reuters. It is a synthesis of the silver market’s key indicators, comprehensive statistics and in-depth economic analyses. Information in the report is based on financial figures published by companies and interviews with their representatives. This allows for reliable data on the global silver supply and demand to published in the report each year.
“It took us one year to regain our leadership position in the silver market. In 2013, we were ranked as third silver producer. In the previous year, however, we raised production by 7 percent due to optimum ore processing and smelting activities,” said Herbert Wirth, President and CEO of KGHM.
Poland was ranked in the eighth position as the largest silver producer.
The report is prepared in co-operation with Silver Insitute. It has been published since 1990, which means it is the 25th jubilee edition.
Below is the Thomson Reuters ranking
|
Top 20 silver producing countries |
Top 20 silver producing companies |
||||||||
|
Rank |
Country |
Production (Moz) |
Rank |
Company |
Production (Moz) |
||||
|
2014 |
2013 |
|
2013 |
2014 |
2013 |
2014 |
|
2013 |
2014 |
|
1 |
1 |
Mexico |
187.2 |
192.9 |
4 |
1 |
KGHM Polska Miedź S.A. |
37.3 |
40.4 |
|
2 |
2 |
Peru |
119.5 |
121.5 |
2 |
2 |
Fresnillo plc. |
39.0 |
40.4 |
|
3 |
3 |
China |
115.6 |
114.7 |
5 |
3 |
Goldcorp Inc. |
30.3 |
36.8 |
|
4 |
4 |
Australia |
59.2 |
59.4 |
1 |
4 |
Glencore plc. |
39.0 |
34.9 |
|
5 |
7 |
Chile |
39.2 |
50.6 |
3 |
5 |
BHP Billiton plc. |
38.2 |
34.0 |
|
6 |
6 |
Bolivia |
41.2 |
43.2 |
6 |
6 |
Polzmetal International plc. |
27.2 |
28.7 |
|
7 |
5 |
Russia |
45.9 |
42.9 |
7 |
7 |
Pan American Silver plc. |
26.0 |
26.1 |
|
8 |
8 |
Poland |
37.6 |
40.6 |
8 |
8 |
Volcan Cia. Minera S.A.A. |
20.7 |
22.5 |
|
9 |
9 |
USA |
33.4 |
37.6 |
bd. |
9 |
Tahoe Resources Inc. |
2.0 |
20.3 |
|
10 |
10 |
Argentina |
24.9 |
29.1 |
18 |
10 |
Corp. Nacional del Cobre de Chile |
9.5 |
19.9 |
|
11 |
15 |
Gwatemala |
9.0 |
27.6 |
9 |
11 |
Cia. De Minas Buenventura S.A.A. |
18.9 |
19.7 |
|
12 |
12 |
Kazakhstan |
19.6 |
17.5 |
10 |
12 |
Coeur Mining Inc. |
17.0 |
17.2 |
|
13 |
11 |
Canada |
20.8 |
15.5 |
11 |
13 |
Hochschild Mining plc. |
16.6 |
16.2 |
|
14 |
13 |
Sweden |
10.8 |
12.7 |
12 |
14 |
Sumitomo Corp. |
13.8 |
15.3 |
|
15 |
17 |
Morocco |
8.2 |
8.9 |
14 |
15 |
Industrias Penoles S.A.B. De C.V. |
13.2 |
14.1 |
|
16 |
14 |
India |
10.7 |
8.4 |
13 |
16 |
Southern Copper Corp. |
13.5 |
13.0 |
|
17 |
16 |
Indonesia |
8.2 |
7.7 |
16 |
17 |
Teck Resources Ltd. |
11.4 |
12.7 |
|
18 |
18 |
Turkey |
6.0 |
6.6 |
17 |
18 |
First Majestic Silver Corp. |
10.6 |
11.7 |
|
19 |
23 |
Dominican Rep. |
2.8 |
4.5 |
20 |
19 |
Hecla Mining Company |
8.9 |
11.1 |
|
20 |
19 |
Armenia |
3.4 |
3.8 |
21 |
20 |
Boliden A.B. |
8.4 |
10.4 |
|
|
Rest of World |
32.1 |
31.7 |
|
|||||
|
Total |
835.3 |
877.5 |
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