According to GlobalData, Chile is the world’s fourth-largest producer of silver in 2023, with output up by 13% on 2022. Over the five years to 2022, production from Chile increased by a CAGR of 3% and is expected to rise by a CAGR of 1% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Silver Mining to 2030 report. Buy the report here.
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Chile accounts for 6% of global production, with the largest producers being Mexico, China, Peru and Chile.
Leading producers of silver in Chile are BHP, Yamana Gold, Glencore, Rio Tinto and Lundin Mining. During 2020-2021, BHP's output was up by 4%, Yamana Gold's output increased by 0.28%, while output from Glencore decreased by 25%.
For more detailed analysis of global silver mining, buy the report here.
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