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September 13, 2021

World’s ten largest silver mines in 2020

By Carmen

Here are the ten largest silver mines by production across the world in 2020, according to GlobalData’s mining database.

1. Gumuskoy Mine

The Gumuskoy Mine is a surface mine situated in Kutahya, Turkey. Owned by Yildizlar SSS Holding, the brownfield mine produced an estimated 48,597 thousand ounces of silver in 2020.

2. Penasquito Mine

Located in Zacatecas, Mexico, the Penasquito Mine is owned by Newmont. The surface mine produced an estimated 27,801 thousand ounces of silver in 2020. The mine will operate until 2032.

3. Apumayo Project

The Apumayo Project is located in Ayacucho, Peru. Owned by Minera Andina de Exploraciones SAA, the greenfield mine produced an estimated 17,508 thousand ounces of silver in 2020.

4. Rudna Mine

Owned by KGHM Polska Miedz, the Rudna Mine is an underground mine situated in Lower Silesian, Poland. The brownfield mine produced an estimated 16,577 thousand ounces of silver in 2020. The expected mine closure date is 2042.

5. Saucito Mine

The Saucito Mine is an underground mine situated in Zacatecas, Mexico. Owned by Industrias Penoles SAB de CV, the greenfield mine produced an estimated 15,532 thousand ounces of silver in 2020. The mine is expected to operate until 2024.

6. Dukat Mine

The Dukat Mine is a surface and underground mine situated in Magadan Oblast, Russia. Owned by Polymetal International Plc, the greenfield mine produced an estimated 14,400 thousand ounces of silver in 2020. The mine will operate until 2026.

7. Polkowice-Sieroszowice Mine

Located in Lower Silesian, Poland, the Polkowice-Sieroszowice Mine is owned by KGHM Polska Miedz. The underground mine produced an estimated 14,326 thousand ounces of silver in 2020. The mine will operate until 2057.

8. Antamina Mine

The Antamina Mine is a surface mine located in Ancash, Peru. Owned by Glencore Plc, the brownfield mine produced an estimated 13,380 thousand ounces of silver in 2020. The mine will operate until 2028.

9. San Julian Project

Owned by Industrias Penoles SAB de CV, the San Julian Project is an underground mine situated in Chihuahua, Mexico. The greenfield mine produced an estimated 13,306 thousand ounces of silver in 2020. The expected mine closure date is 2023.

10. Fresnillo Mine

The Fresnillo Mine is an underground mine situated in Zacatecas, Mexico. Owned by Industrias Penoles SAB de CV, the brownfield mine produced an estimated 13,055 thousand ounces of silver in 2020. The mine is expected to operate until 2027.

Methodology:
This information is drawn from GlobalData’s mines and projects database, which tracks all operating and developing mines and projects globally. Verdict’s parent company GlobalData provides business information to 4,000 of the world’s largest companies.

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