5 Biggest Silver Mining Companies in the World

4. Glencore Plc (LSE:GLEN)

Average Annual Silver Production: 29.3 million ounces 

In 2022, Glencore Plc experienced a huge decline in silver production, with a 25% reduction to 23.8 million ounces, compared to the 31.8 million ounces produced the previous year. This decline was a significant factor in the company’s overall production results for that year, which also saw decreases in copper and zinc outputs. These declines were attributed to various operational challenges and asset divestments. This trend continued into the first half of 2023, where Glencore’s silver production further decreased to 9,446 kilo ounces, a notable drop from the 12,579 kilo ounces produced in the first half of 2022.