01Fresnillo plc (Mexico) - 54.2
Formerly a division of the state-run miner Industrias Peñoles, Fresnillo is the world's largest producer of silver. It's also the second largest producer of gold in the world. Fresnillo operates three gold and silver mines in Mexico.
Company Website: www.fresnilloplc.com
02KGHM Polska Miedź S.A. (Poland) - 40.0
KGHM is a primary copper producer operating three mines based in Poland. The company's silver is refined and sold in the form of bullion and granulate and is registered under the KGHM HG brand by the London Bullion Market Association and the Dubai Multi Commodities Centre.
03Glencore plc (Switzerland) - 37.7
Glencore is a major mining and commodity trading company based in Switzerland. It's also one of the largest companies in the world. The company produces metals, oil, coal, and minerals. It has investments all around the world, including Ecuador, Brazil, and Colombia.
Company Website: www.glencore.com
04Goldcorp Inc. (Canada) - 28.6
While Goldcorp is primarily associated with the production of gold, it is also one of the largest and a growing silver producer. It operates four mines in Canda and one in both Argentina and Mexico.
Company Website: www.goldcorp.com
05Polymetal International plc (Russia) - 26.8
Initially founded in 1998 as JSC Polymetal, Polymetal International is focused on the production of precious metals. Russia's largest silver producer, the company owns mines in Russia, Kazakhstan, and Armenia. The company has nearly 300 million ounces of proved and probable silver ore reserves and is listed on the London and Moscow Stock Exchanges.
Company Website: www.polymetalinternational.com
06Compania de Minas Buenaventura S.A.A. (Peru) - 26.4
Buenaventura is Peru's largest publicly-traded metals company and largest holder of mining rights in the country. The company's core asset is the Uchucchacua mine.
At an altitude of over 4,000 meters above sea level, Uchucchacua is one of the largest silver mines in the world. The mine has been operational since 1975 and is characterized by a zinc-lead-silver bearing ore.
Company Website: www.buenaventura.com/
07Pan American Silver Corp. (Canada) - 25.0
Pan American Silver operates silver mines in Latin America. It was founded in 1994. The company also mines gold, zinc, lead, and copper. It has six operational mines, two in both Mexico and Peru, and one in Bolivia and Argentina each.
Company Website: www.panamericansilver.com
08Hochschild Mining plc (United Kingdom) - 19.1
Although headquartered in the UK, Hochschild operates mines in South America. Founded over a century ago, the company has mines in Peru and Argentina. There are three operational mines in Peru and one in Argentina. The company mines gold and silver.
Company Website: www.hochschildmining.com
09Volcan Compania Minera S.A.A. (Peru) - 17.3
Peru's largest silver producer, Volcan began mining in 1943 and is primarily involved in processing polymetallic ores including zinc, lead, copper, and silver. The company also runs hydro-power plants. It has 12 mines, all in Peru.
Company Website: www.volcan.com.pe
10Hindustan Zinc Ltd. (India) - 16.9
Hindustan Zinc is one of the world's largest producers of Zine. It's not only a miner of Zinc but also silver, lead, and cadmium. As of 2018, the company plans to spinoff its silver operations into a separate company.
Company Website: www.hzlindia.com
The World's Top 10 Silver Producers
The world's 10 largest silver producers account for over 290 million ounces of the metal or just over 34 percent of global mine production for 2017. The list below is based on information from The Silver Institute. Beside each company name is where its primary operations are located, along with its total silver production (millions of ounces).