According to GlobalData, Chile is the world’s fourth-largest producer of silver in 2022, with output 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 largest producers being Mexico, China, Peru and Australia.
Leading producers of silver in Chile are Sumitomo Metal Mining, BHP, Yamana Gold, Glencore, Rio Tinto and Lundin Mining. During 2020-2021, Sumitomo Metal Mining's output was down by 2%, BHP's output increased by 9%, while output from Yamana Gold decreased by 12%.
For more detailed analysis of global silver mining, buy the report here.