5 Biggest Silver Mining Companies in the World

In this article, we will discuss the leading silver mining companies in the world and their operations. You can learn more about the silver mining industry in 15 Biggest Silver Mining Companies in the World.

5. Codelco 

Average Annual Silver Production: 22.2 million ounces 

Codelco, Chile’s state-owned mining giant, holds the title of the world’s largest copper miner. However, its role in silver mining, though not as widely acknowledged, is noteworthy. In 2022, Codelco produced 19.2 million ounces of silver, representing a 16% decrease from the 22.9 million ounces recorded in 2021. This decline followed a production of 24.6 million ounces in 2020, indicating a consistent downward trend in the company’s silver output. Nevertheless, Codelco remains a significant silver producer globally.