According to GlobalData, Russia is the world’s eighth-largest producer of silver, with output of 39,596koz in 2022, down by 5.49% on 2021. Over the five years to 2021, production from Russia decreased by a CAGR of 1.83% and is expected to rise by a CAGR of 6% 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.

Russia accounts for 4% of global production, with the other largest producers being Mexico (24%), China (14%), Peru (12%) and Chile (6%).

Polymetal International is one of the leading producers of silver in Russia. Polymetal International's output was 20,400koz in 2021, up by 9% on 2020.

For more detailed analysis of global silver mining, buy the report here.


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.