According to GlobalData, the US is the world’s ninth-largest producer of silver in 2023, with output down by 1.63% on 2022. Over the five years to 2022, production from the US increased by a CAGR of 2% and is expected to rise by a CAGR of 8% 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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The US accounts for 4% of global production, with the largest producers being Mexico, China, Peru and Chile.
Leading producers of silver in the US are Hecla Mining, Coeur Mining, Grupo Mexico, Rio Tinto, Lundin Mining and Argonaut Gold. During 2020-2021, Hecla Mining's output was up by 10%, Coeur Mining's output decreased by 3%, while output from Grupo Mexico increased by 4%.
For more detailed analysis of global silver mining, buy the report here.
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