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The world's largest silver producing companies in 2022 - report

Kitco Media
By Vladimir Basov
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Updated
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(Kitco News) - Kitco ranked the top 10 silver producing companies worldwide based on reported silver output in calendar 2022.

Fresnillo is the world’s top silver producer and Mexico’s largest gold producer. Fresnillo reported attributable silver production of 54 million ounces in 2022 (including Silverstream), in line with guidance and slightly above 2021 (53 million ounces) with production from Juanicipio and increased volumes of ore processed at Fresnillo, offset by the lower ore grade at San Julián (DOB).

With 43 Moz of payable silver produced in 2022, Poland’s KGHM Polska Miedz is the second largest silver producer worldwide. Production of payable silver was slightly lower compared to 2021 (44 Moz).

Newmont is the third largest silver producing company. The company had consolidated co-product silver production of 30 Moz in 2022, which is 3% less compared to 31 Moz produced in 2021. All of the company’s 2022 silver production came from the Peñasquito polymetallic mine in Mexico.

Glencore is fourth with 24 Moz of silver produced in 2022, down 25% compared to 2021 primarily due to lower production of by-product silver at the company’s zinc operations.  

Chile's CODELCO is the fifth largest silver producing company with 22 Moz of silver produced in 2022.

The complete list is on the chart.

Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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