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World's Largest Silver Producing Countries: Russia

By Alex Létourneau of Kitco News
Wednesday July 16, 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.

(Correction: Lunnoye is located in Magadan Oblast district of Russia. Also correcting Magadan Oblask to Magadan Oblast.)

(Kitco News) - Russia rounds out the top five silver producing countries with Polymetal International plc (LSE:POLY) having a near monopoly of the top producing mines.

According to CPM, Dukat is the world’s second largest primary producing silver mine, while Lunnoye also highlights as a primary silver producing mine and is part of the Dukat hub.

The rest of the top five mines produce silver as a by-product, with gold being the primary metal.

Russia has had an up and down decade in terms of silver mine production with 2013 being the most silver the country has ever produced. They’re expected to produce over 53.3 million ounces of silver in 2014.

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Data compiled from CPM Group, 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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