Global Silver Mining to 2024 – Updated with Impact of COVID-19

Global silver mine production is estimated to have declined for the fourth consecutive year in 2020, with a drop of 2.4% to 849.7 million ounces (Moz). Operational suspensions, amid COVID-19 pandemic coupled with mine-specific impacts such as declining ore grades at many large silver mines and maintenance shutdowns, will have a significant impact on global silver production in 2020. While the largest declines in 2020, are estimated to have been in Peru, followed by China, Argentina, Bolivia and Russia. Simultaneously, the US performed well over the same period, supported by the uninterrupted operations at the Greens Creek mine coupled with the ramp-up at the Lucky Friday mine. Looking ahead, global silver production is expected to increase by 8.1% in 2021 to 918.3moz and then exceed 1 billion ounces by 2024 – a 3.2% CAGR. Mexico, Peru and China will be the key contributors towards this growth, with combined production in these countries expected to increase from a forecast 393.9Moz in 2021 to 443.9Mkoz in 2024.

Scope

The report contains an overview of the global silver mining industry including key demand driving factors affecting the global silver mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration and development projects.

Reasons to buy

Comprehensive evaluation of the impact of COVID-19 on global silver industry

To gain an understanding of the global silver mining industry, relevant driving factors

To understand historical and forecast trend on global silver production

To identify key players in the global silver mining industry

To identify major active, exploration and development projects by region

Companies mentioned

Industrias Penoles SAB de CV, KGHM Polska Miedz, Glencore Plc, Pan American Silver Corp., Hindustan Zinc Ltd, Polymetal International plc, Compania De Minas Buenaventura SAA, Southern Copper Corp., Hochschild Mining plc

Table of Contents

1. Executive Summary

2. Reserves, Production and Prices

2.1 Global Silver Reserves by Country

– Peru

– Poland

– Australia

– Russia

– China

2.2 Silver Production

– Production by Company

– Production by country

– Mexico

– Peru

2.3 Silver Prices

3. Silver Assets

3.1 Active Mines

– APAC

– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

3.2 Exploration Projects

– APAC

– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

3.3 Development Projects

– APAC

– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

4. Major Exporters and Importers

5. Demand

5.1 Impact of COVID-19 pandemic on silver demand

5.2 Global demand for solar power

6. Major Silver Producers

6.1 Industrias Penoles SAB de CV

6.2 KGHM Polska Miedz

6.3 Glencore Plc

6.4 Pan American Silver Corp.

6.5 Hindustan Zinc Ltd

6.6 Polymetal International plc

6.7 Compania De Minas Buenaventura SAA

6.8 Southern Copper Corp.

6.9 Hochschild Mining plc

7. Appendix

7.1 Abbreviations

7.2 Coverage

7.3 Secondary Research

List of Tables

Table 1: Global Silver Mining – Silver Reserves by Country (Tonnes), January 2020

Table 2: Global Silver Mining – Active Mines in Peru by Total Ore Reserves (Million Tonnes), 2020

Table 3: Global Silver Mining – Active Mines in Poland by Total Ore Reserves (Million Tonnes), 2020

Table 4: Global Silver Mining – Active Mines in Australia by Total Ore Reserves (Million Tonnes), 2020

Table 5: Global Silver Mining – Active Mines in Russia by Total Ore Reserves (Million Tonnes), 2020

Table 6: Global Silver Mining – Active Mines in China by Total Ore Reserves (Million Tonnes), 2020

Table 7: Global Silver Mining – Historical and Forecast Silver Mine Production (Thousand Ounces), 2004–2024

Table 8: Global Silver Mining – Silver Mine Production by Company (Thousand Ounces), 2019–2020

Table 9: Global Silver Mining – Silver Mine Production by Country (Million ounces), 2004–2024

Table 10: Global Silver Mining – Silver Mine Production in Mexico (Thousand Ounces), 2004–2024

Table 11: Global Silver Mining – Silver Mine Production in the Peru (Thousand Ounces), 2004–2024

Table 12: Global Silver Mining – Silver Prices, Quarterly (US$/Ounce), 2014–2020

Table 13: Global Silver Mining – Active Mines in APAC, 2020

Table 14: Global Silver Mining – Active Mines in Europe, 2020

Table 15: Global Silver Mining – Active Mines in Former Soviet Union, 2020

Table 16: Global Silver Mining – Active Mines in Middle East and Africa, 2020

Table 17: Global Silver Mining – Active Mines in North America, 2020

Table 18: Global Silver Mining – Active Mines in Oceania, 2020

Table 19: Global Silver Mining – Active Mines in South and Central America, 2020

Table 20: Global Silver Mining – Exploration Projects in APAC, 2020

Table 21: Global Silver Mining – Exploration Projects in Europe, 2020

Table 22: Global Silver Mining – Exploration Projects in Former Soviet Union, 2020

Table 23: Global Silver Mining – Exploration Projects in Middle East and Africa, 2020

Table 24: Global Silver Mining – Exploration Projects in North America, 2020

Table 25: Global Silver Mining – Exploration Projects in Oceania, 2020

Table 26: Global Silver Mining – Exploration Projects in South and Central America, 2020

Table 27: Global Silver Mining – Development Projects in APAC, 2020

Table 28: Global Silver Mining – Development Projects in Europe, 2020

Table 29: Global Silver Mining – Development Projects in Former Soviet Union, 2020

Table 30: Global Silver Mining – Development Projects in Middle East and Africa, 2020

Table 31: Global Silver Mining – Development Projects in North America, 2020

Table 32: Global Silver Mining – Development Projects in Oceania, 2020

Table 33: Global Silver Mining – Development Projects in South and Central America, 2020

Table 34: Global Silver Mining – Industrias Penoles SAB de CV, Major Projects, 2020

Table 35: Global Silver Mining – KGHM Polska Miedz, Major Projects, 2020

Table 36: Global Silver Mining – Glencore Plc, Major Projects, 2020

Table 37: Global Silver Mining – Pan American Silver Corp, Major Projects, 2020

Table 38: Global Silver Mining – Hindustan Zinc Ltd, Major Projects, 2020

Table 39: Global Silver Mining – Polymetal International plc, Major Projects, 2020

Table 40: Global Silver Mining – Compania De Minas Buenaventura SAA, Major Projects, 2020

Table 41: Global Silver Mining – Southern Copper Corp, Major Projects, 2020

Table 42: Global Silver Mining – Hochschild Mining plc, Major Projects, 2020

List of Figures

Figure 1: Global Silver Mining – Silver Reserves by Country (Thousand Tonnes), 2016–2020

Figure 2: Global Silver Mining – Silver Reserves by Country (%), January 2020

Figure 3: Global Silver Mining – Historic and Forecast Silver Mine Production (Thousand Ounces), 2004–2024

Figure 4: Global Silver Mining – Silver Mine Production by Company (Thousand Ounces), Q1-Q3 2019–2020

Figure 5: Global Silver Mining – Silver Mine Production by Country (Million Ounces), 2019–2020

Figure 6: Global Silver Mining – Silver Mine Production in Mexico (Thousand Ounces), 2004–2024

Figure 7: Global Silver Mining – Silver Mine Production in the Peru (Thousand Ounces), 2004–2024

Figure 8: Global Silver Mining – World Silver Prices, Quarterly (US$/Ounce), 2014–2020

Figure 9: Global Silver Mining – Top Exporters and Imports of Silver Ores and Concentrates (%), 2019

Figure 10: Global Silver Mining – Global Silver Demand by End Use (%), 2011 vs 2019

Figure 11: Global Silver Mining – Global Silver Demand by End Use (Million Ounces), 2012–2019

Figure 12: Global Silver Mining – Top 10 Countries’ Installed PV Capacity (Gigawatts), 2019

Figure 13: Global Silver Mining –Installed PV Capacity by Country (Gigawatts), 2011–2019

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