Production

Silver mine production rose by 2.5 percent to 735.9 Moz in 2010 aided by new projects in Mexico and Argentina. Gains came from primary silver mines and as a by-product of lead/zinc mining activity, whereas silver volumes produced as a by-product of gold fell 4 percent last year. Mexico eclipsed Peru as the world's largest silver producing country in 2010, and Peru is followed by China, Australia and Chile. Global primary silver supply recorded a 5 percent increase to account for 30 percent of total mine production in 2010.

Top 20 Silver-Producing Countries in 2010

(millions of ounces)

Country Output
1. Mexico 128.6
2. Peru 116.1
3. China 99.2
4. Australia 59.9
5. Chile 41.0
6. Bolivia 41.0
7. United States 38.6
8. Poland 37.7
9. Russia 36.8
10. Argentina 20.6
11. Canada 18.0
12. Kazakhstan 17.6
13. Turkey 12.3
14. Morocco 9.7
15. India 9.7
16. Sweden 9.2
17. Indonesia 6.9
18. Guatemala 6.3
19. Iran 3.4
20 South Africa 2.8

Top 20 Silver-Producing Companies in 2010

(millions of ounces)

Company Country Output
1. BHP Hilton Australia 46.6
2. Fresnillo plc Mexico 38.8
3. KGHM Polska Miedz Poland 37.3
4. Pan American Silver Corp. Canada 24.3
5. Goldcorp Inc. Canada 23.0
6. Cia. Minera Volcan Peru 20.0
7. Hochschild Mining Peru 17.8
8. JSC Polymetal Russia 17.3
9. Coeur d'Alene Mines corp. USA 16.8
10. Sumitom Corp. Bolivia 14.4
11. Kazakhmys plc. Kazakhstan 14.1
12. Cia. de Minas Buenaventura Peru 13.5
13. Southern Copper Corp. USA 12.6
14. Xstrata Zinc Switzerland 11.6
15. Teck Resources Canada 11.5
16. Eti Gumus A.S. Turkey 11.5
17. Kinross Gold Canada 11.3
18. Hecla Mining USA 10.6
19. Yamana Gold Canada 10.0
20. Industrias Penoles Mexico 9.2

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