According to GlobalData, Russia is the world’s eighth-largest producer of silver in 2022, with output 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 largest producers being Mexico, China, Peru and Chile.
Polymetal International is one of the leading producers of silver in Russia. In 2021, the company’s output was up by 9% over 2020.
For more detailed analysis of global silver mining, buy the report here.