According to GlobalData, Australia is the world’s fifth-largest producer of silver, with output of 46,782koz in 2022, down by 0.3% on 2021. Over the five years to 2021, production from Australia increased by a CAGR of 4% and is expected to rise by a CAGR of 3% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Silver Mining to 2026 report. Buy the report here.
Australia accounts for 5% of global production, with the other largest producers being Mexico (24%), China (14%), Peru (12%) and Chile (6%).
Leading producers of silver in Australia are South32, Glencore, BHP and Evolution Mining. South32's output was 14,372koz in 2021, up by 24% on 2020. Glencore produced 8,238koz, a decrease of 4%, and output from BHP was 1,065koz, an increase of 9% on the previous year.
For more detailed analysis of global silver mining, buy the report here.