Mexican Silver Mining Update

Mexican Silver Mining – First In the World – But Production Set To Fall.

Mexican Government says silver mining production to fall 6% in 2016.

Endeavour Silver Corp projects their silver output will decrease 16% in 2016.

Buy Silver Bullion Rounds

Silver Mining In Mexico

Mexico is the world’s leading silver mining country. In 2015, Mexican silver mining production grew 3.5% in 2015 vs. 2014.

worlds top silver producing nation

According to the U.S. Department of the Interior | U.S. Geological Survey in recent years Mexico has averaged production of nearly 190 million ounces of silver a year.

2015: Silver Miners’ Last Hurrah

After many primary silver miners reported increases and or record silver mining production in 2015, global silver mining production is projected to fall in 2016.

According to investment bank Société Générale, silver supply will fall for the “1st time in over decade“. Societe General’s projects a decline in silver mining production of 9.2% in 2016 and a 13% fall in 2017 over silver mining production in 2015. Société Générale’s projections for silver mining decline in 2016 are greater than the 5% decline anticipated by the Silver Institute.

Last week, Mario Cantu, the economy ministry’s general mining coordinator said that Mexican silver production is expected to fall by more than 6 percent in 2016.

mexican silver mining prodution 2006-2015 steady increase

A decade of Mexican silver mining production growth is set to end in 2016.

Endeavour Silver Corp, a primary silver mining company located in Mexico, announced last week that its silver production had fallen 17% in the first quarter of 2016. This estimate is lower than previous guidance given earlier in the year. Silver mining appears to be getting more difficult for Endeavour Silver. According to their report, throughput in tonnes increased 7% in the first quarter of 2016 but that throughput resulted in a 17% decline in silver produced. Endeavour produced 7.1 million ounces of silver in 2015, flat over 2014, but its fourth quarter 2015 production was 14% lower than the fourth quarter of 2014.

Compare Pricing and Shipping on Mexican Silver Libertad Coins
Golden Eagle Coins
JM Bullion

Mexican Silver Miners

First Majestic Silver Corp.

First Majestic has five primary silver mines in Mexico. First Majestic increased their silver mining production 5% in 2015 over 2014 and expects to increase its production 9-20% in 2016. The increase, however, is projected to come from a new mine coming online in 2016 that will offset projected decreases at two of their other mines. First Majestic projects about 12-13.3 million ounces of silver production in 2016.

Fresnillo plc

Fresnillo, with it mines Mexico, is the world’s largest primary silver mining company. Fresnillo increased silver production 4.4% in 2015 from 2014 and expects to increase production another 4-9% in 2016. Like First Majestic, the silver production increase is projected to come, not from existing mine output, but from a silverstream contract. Fresnillo projects about 50 million ounces of silver production in 2016.

Great Panther Silver Limited

Great Panther has its operations in Mexico and increased silver production 30% in 2015 over 2014. Great Panther has provided a projected range of silver production for 2016 from -4% to +4%. Great Panther estimates about 4 million ounces of silver production in 2016.

Primary and Secondary Silver Mining Outlook

Silver mining provides about 85% of total annual supply. The remainder comes from “scrap” or recycled silver. While lower prices have caused primary silver miners to increase their silver production in recent years, lower prices have reduced the amount of scrap silver available in recent years.

Primary silver mines provide about 30% of the total silver mining supply. The remainder comes from the mining of base metals copper, zinc and zinc. Base metal miners have experienced production cutbacks and financial difficulties due to the global economic slump that is expected to continue in 2016. Secondary silver production from base metals mining is expected to fall in 2016.

Buy 90 Percent Junk Silver US Coins

If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to to receive free gold and silver updates, news and analysis.

Buy 90 Percent Junk Silver US Coins

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

You can support by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, Money Metals Exchange, SD Bullion, Perth and Royal Canadian Mint ads on the site.

Browse Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation