KGHM is the world’s largest silver producer

KGHM has regained its first place position in global silver production. Thomson Reuters’s analysts have recently compared results of all leading producers of this metal. In 2014, KGHM produced 1,256 tons of silver, which is 7 percent more than in the previous year.

Thursday, 07 May, 2015

The „World Silver Survey” is one of the key annual reports on silver and the only to rank all producers of this metal.  The survey is prepared by the GFMS team of global metals market analysts at Thomson Reuters. It is a synthesis of the silver market’s key indicators, comprehensive statistics and in-depth economic analyses. Information in the report is based on financial figures published by companies and interviews with their representatives. This allows for reliable data on the global silver supply and demand to published in the report each year.

“It took us one year to regain our leadership position in the silver market. In 2013, we were ranked as third silver producer. In the previous year, however, we raised production by 7 percent due to optimum ore processing and smelting activities,” said Herbert Wirth, President and CEO of KGHM.

Poland was ranked in the eighth position as the largest silver producer.

The report is prepared in co-operation with Silver Insitute. It has been published since 1990, which means it is the 25th jubilee edition.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Below is the Thomson Reuters ranking

 

Top 20 silver producing countries

Top 20 silver producing companies

Rank

Country

Production (Moz)

Rank

Company

Production (Moz)

2014

2013

 

2013

2014

2013

2014

 

2013

2014

1

1

Mexico

187.2

192.9

4

1

KGHM Polska Miedź S.A.

37.3

40.4

2

2

Peru

119.5

121.5

2

2

Fresnillo plc.

39.0

40.4

3

3

China

115.6

114.7

5

3

Goldcorp Inc.

30.3

36.8

4

4

Australia

59.2

59.4

1

4

Glencore plc.

39.0

34.9

5

7

Chile

39.2

50.6

3

5

BHP Billiton plc.

38.2

34.0

6

6

Bolivia

41.2

43.2

6

6

Polzmetal International plc.

27.2

28.7

7

5

Russia

45.9

42.9

7

7

Pan American Silver plc.

26.0

26.1

8

8

Poland

37.6

40.6

8

8

Volcan Cia. Minera S.A.A.

20.7

22.5

9

9

USA

33.4

37.6

bd.

9

Tahoe Resources Inc.

2.0

20.3

10

10

Argentina

24.9

29.1

18

10

Corp. Nacional del Cobre de Chile

9.5

19.9

11

15

Gwatemala

9.0

27.6

9

11

Cia. De Minas Buenventura S.A.A.

18.9

19.7

12

12

Kazakhstan

19.6

17.5

10

12

Coeur Mining Inc.

17.0

17.2

13

11

Canada

20.8

15.5

11

13

Hochschild Mining plc.

16.6

16.2

14

13

Sweden

10.8

12.7

12

14

Sumitomo Corp.

13.8

15.3

15

17

Morocco

8.2

8.9

14

15

Industrias Penoles S.A.B. De C.V.

13.2

14.1

16

14

India

10.7

8.4

13

16

Southern Copper Corp.

13.5

13.0

17

16

Indonesia

8.2

7.7

16

17

Teck Resources Ltd.

11.4

12.7

18

18

Turkey

6.0

6.6

17

18

First Majestic Silver Corp.

10.6

11.7

19

23

Dominican Rep.

2.8

4.5

20

19

Hecla Mining Company

8.9

11.1

20

19

Armenia

3.4

3.8

21

20

Boliden A.B.

8.4

10.4

 

Rest of World

32.1

31.7

              

Total

835.3

877.5