Top Silver Mining Companies Increased Output in 2015
The Top Twenty Silver Mining Companies Produced 50.76% of Global Mining Output in 2015.
The Top Twenty Silver Mining Companies Boosted Output 4.8% in 2015.
Secondary Silver Miners Fuel Increase in Output
While overall silver mining production increased 2.1% in 2015*, the top ten silver mining companies in the world increased their production 4.7%. The increase in the top twenty silver miners’ production was driven by a 6.2% increase in the top secondary silver mining companies. The top seven primary silver mining companies saw a collective increase of 2.3%.
Secondary silver miners are those that produce silver as a by-product of the mining of base metals lead, copper and zinc. About 2/3 of overall silver mining production comes from secondary miners.
All top ten silver mining companies saw production increases in 2015 over 2014, except Pan American whose output was flat year over year.
The Top Silver Mining Countries In the World By The Numbers
Here are highlights from the top silver mining countries in the world.
- The top ten silver mining companies increased output 6.1% in 2015 from 2014 from 290.8 million ounces to 308.6 million ounces.
- The top twenty silver mining companies increased output 4.8% in 2015 from 2014, from 429.6 million ounces to 450.1 million ounces.
- The top ten silver mining companies constituted about 35% of total global output in 2015 (308.6 million ounces out of 886.7 million ounces).
- The top twenty silver mining companies constituted about 51% of total global output in 2015 (450.1 million ounces out of 886.7 million ounces).
- Fresnillo, the world’s largest silver mining company constituted 4.9% of total global output in 2015 (43 million ounces out of 886.7 million ounces) up from 4.7% in 2014 (40.4 million ounces out of 868.3 million ounces).
- Four of the top ten silver mining companies in 2015 were primary silver mining companies.
- Seven of the top twenty silver mining companies in 2015 were primary silver mining companies.
- Primary silver mining companies constituted 39.4% of the output of the top ten silver mining companies (121.6 million ounces out of 308.6 million ounces).
- Primary silver mining companies constitute 36.4% of the output of the top twenty silver mining companies.(163.9 million ounces out of 450.1 million ounces)
The top ten silver mining companies in 2015 produced 34.8% of total global mining output up from 33.5% in 2014.
The top twenty silver mining companies in 2015 produced 50.8% of total global mining output up from 49.5% in 2014.
*The Silver Institute findings mirror the reports of Societe Generale, the CPM Group, Statistica , Platts the Peruvian and the Mexican governments that indicated that silver mining production increased in 2015. The United States Geological Service estimate for 2015 also shows an increase in global silver mining production
See also Top Silver Mining Countries of 2015
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