According to GlobalData, Canada is the world’s thirteenth-largest producer of silver, with output of 13,215koz in 2022, up by 32% on 2021. Over the five years to 2021, production from Canada decreased by a CAGR of 6.3% and is expected to rise by a CAGR of 14% 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.
Canada accounts for 1% of global production, with the other largest producers being Mexico (24%), China (14%), Peru (12%) and Chile (6%).
Leading producers of silver in Canada are Glencore, Agnico-Eagle Mines, Yamana Gold, Pan American Silver and Hecla Mining. Glencore's output was 2,028koz in 2021, down by 4% on 2020. Agnico-Eagle Mines produced 1,725koz, a decrease of 23%, and output from Yamana Gold was 341.44koz, a decrease of 12% on the previous year.
For more detailed analysis of global silver mining, buy the report here.