According to GlobalData, Brazil is the world’s fourteenth-largest producer of silver, with output of 3,132koz in 2022, up by 13% on 2021. Over the five years to 2021, production from Brazil decreased by a CAGR of 2.08% and is expected to rise by a CAGR of 12% 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.
Brazil accounts for 0.35% of global production, with the other largest producers being Mexico (24%), China (14%), Peru (12%) and Chile (6%).
Lundin Mining is one of the leading producers of silver in Brazil. Lundin Mining's output was 142.66koz in 2021, up by 7% on 2020.
For more detailed analysis of global silver mining, buy the report here.