According to GlobalData, Peru is the world’s third-largest producer of silver in 2023, with output down by 4.42% on 2022. Over the five years to 2022, production from Peru decreased by a CAGR of 6.29% and is expected to rise by a CAGR of 1% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Silver Mining to 2030 report. Buy the report here.
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Peru accounts for 12% of global production, with the largest producers being Mexico, China, Peru and Chile.
Leading producers of silver in Peru are Volcan Compania Minera SAA, Glencore, Nexa Resources, Hochschild Mining, Compania De Minas Buenaventura SAA and BHP. During 2020-2021, Volcan Compania Minera SAA's output was down by 5%, Glencore's output decreased by 25%, while output from Nexa Resources increased by 13%.
For more detailed analysis of global silver mining, buy the report here.
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