According to GlobalData, Peru is the world’s third-largest producer of silver, with output of 108,397koz in 2022, down by 7.15% on 2021. Over the five years to 2021, production from Peru decreased by a CAGR of 6.97% and is expected to rise by a CAGR of 3% 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.
Peru accounts for 12% of global production, with the other largest producers being Mexico (24%), China (14%), Chile (6%) and Australia (5%).
Leading producers of silver in Peru are Volcan Compania Minera SAA, Compania De Minas Buenaventura SAA, Glencore, Hochschild Mining, BHP and Pan American Silver. Volcan Compania Minera SAA's output was 15,000koz in 2021, up by 25% on 2020. Compania De Minas Buenaventura SAA produced 14,398koz, an increase of 21%, and output from Glencore was 14,214koz, a decrease of 4% on the previous year.
For more detailed analysis of global silver mining, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
