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Large silver mines

Based on the production volumes reported for 2021, a hit list of the world's largest silver mines has been drawn up

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Only just under a third of the silver produced comes from primary silver mines. Most of it comes from lead and zinc mines and copper projects. The Polish mining group KGHM Polska Miedz produced the most silver last year. Along with copper, gold and other metals, nearly 42 million ounces of silver saw the light of day. In second place is the Penanquito open pit mine in the silver country of Mexico. With a production increase of 13 percent, a good 31 million ounces of silver were produced there. Third place goes to Russia. There lies the country's largest primary silver operation, the Dukat silver mine. At an altitude of around 4,200 meters in the Andes in Peru comes the Antamina mine, a large copper-zinc-molybdenum-silver-lead mine. Concentrates are transported to the port by means of a 302-kilometer pipeline.

Back in Mexico is the fifth-placed mine, the San Julián silver-gold mine. Silver recoveries were up 26 percent from 2020 as ore grades proved higher than anticipated. The former number one, Cannington silver-lead-zinc mine in Queensland, Australia is now only number six with 14.4 million ounces of silver in 2021. In 2005, it produced a record 44 million ounces of silver, more then than the first place finisher currently. It is followed in the ranking by mines in Mexico, Chile and the USA.

Silver is not only an investment metal but also an industrial metal and stocks of silver companies should not be missing in any well-diversified portfolio. That's where Vizsla Silver and Discovery Silver come in. Vizsla Silver - - has 100 percent sole ownership of the Panuco silver-gold project in Mexico. Discovery Silver - - is focused on its flagship Cordero project in Chihuahua. The large silver deposit has the potential for a very lucrative mine.

Latest corporate information and press releases from Vizsla Silver ( and Discovery Silver (

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

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