According to GlobalData, Mexico is the world’s largest producer of silver in 2022, with output up by 0.12% on 2021. Over the five years to 2021, production from Mexico increased by a CAGR of 1% and is expected to drop by a CAGR of 0.63% 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.
Mexico accounts for 24% of global production, with the other largest producers being China, Peru, Chile and Australia.
Leading producers of silver in Mexico are Industrias Penoles, First Majestic Silver, Pan American Silver, Grupo Mexico, Coeur Mining and Newmont. During 2020-2021, Industrias Penoles's output was up by 3%, First Majestic Silver's output increased by 11%, while output from Pan American Silver increased by 11%.
For more detailed analysis of global silver mining, buy the report here.