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World's Largest Silver Producing Countries: Mexico

By Alex Létourneau of Kitco News
Monday July 14, 2014 9:00 AM

Editor’s Note: Kitco News will be releasing a daily feature from July 14 to July 19 focusing on the world's top five silver producing countries, which will include a daily graphic of the country’s largest producing mines.

(Kitco News) - While more gold mines have been popping up in Mexico over the last decade, the country remains the global leader in silver production.

Stretching across the country, Mexico boasts some of the largest primary silver mines in the world.

A recurring theme highlighted throughout this feature is that many of the mines responsible for large quantities of silver are not actually primary silver producing mines; it’s simply a by-product.

Goldcorp Inc.’s (TSX:G)(NYSE:GG) Peñasquito mine is primarily a gold mine that produced over 400,000 ounces of gold in 2013.

Primero Mining Corp.’s (TSX:P)(NYSE:PPP) San Dimas Mine is a fairly large gold producer and yet fits into the country’s top five silver mines.

Mexican silver supply has increased steadily over the last decade and the country is expected to continue to set the pace for global silver production in 2014.

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Data compiled from CPM Group, Piran Mining Research, Thomson Reuters and company reports

By Alex Létourneau of Kitco News aletourneau@kitco.com
Follow Alex Letourneau @alex_letourneau




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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