According to GlobalData, Chile is the world’s fourth-largest producer of silver, with output of 55,078koz in 2022, up by 22% on 2021. Over the five years to 2021, production from Chile increased by a CAGR of 0.44% and is expected to rise by a CAGR of 2% 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.
Chile accounts for 6% of global production, with the other largest producers being Mexico (24%), China (14%), Peru (12%) and Australia (5%).
Leading producers of silver in Chile are Sumitomo Metal Mining, BHP, Yamana Gold, Glencore, Rio Tinto and Lundin Mining. Sumitomo Metal Mining's output was 7,161koz in 2021, down by 2% on 2020. BHP produced 4,647koz, an increase of 9%, and output from Yamana Gold was 3,707koz, a decrease of 12% on the previous year.
For more detailed analysis of global silver mining, buy the report here.