According to GlobalData, Peru is the world’s third-largest producer of silver in 2022, with output 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 largest producers being Mexico, China, Chile and Australia.
Leading producers of silver in Peru are Volcan Compania Minera SAA, Compania De Minas Buenaventura SAA, Glencore, Hochschild Mining, BHP and Pan American Silver. During 2020-2021, Volcan Compania Minera SAA's output was up by 25%, Compania De Minas Buenaventura SAA's output increased by 21%, while output from Glencore decreased by 4%.
For more detailed analysis of global silver mining, buy the report here.