Silver
Companies
Key Companies in the Silver Value Chain
The Silver industry encompasses at least 5 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 26,000 tonnes and prices around 78-82 $/oz (2,510-2,640 $/kg), the Silver market supports a diverse corporate ecosystem.
Annual Production
26,000
tonnes
Market Price
78-82
$/oz (2,510-2,640 $/kg)
Top Producer
Mexico
23% share
Companies Tracked
5
Major Producers and Processors
The following companies are key participants in the Silver supply chain:
Fresnillo plc
Worlds largest primary silver producer; operates Fresnillo, Saucito, and other mines in Mexico
First Majestic Silver
Major primary silver producer operating mines in Mexico
Pan American Silver
Largest silver mining company by output following 2023 acquisition of Yamana Gold; operations across the Americas
Coeur Mining
US-based precious metals producer with silver-primary mines in Nevada, Alaska, and Mexico
Heraeus
Worlds largest silver paste manufacturer for solar photovoltaic cells; critical link between silver supply and solar industry
Corporate Strategy Trends
Major consumers of Silver across the solar photovoltaic cells and electronics and electrical contacts sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 23% concentration in Mexico.
More on Silver
Explore other aspects of the Silver value chain.
Uses & Applications
Explore uses & applications for Silver.
Supply Chain
Explore supply chain for Silver.
Mining & Processing
Explore mining & processing for Silver.
Refining & Grade Specs
Explore refining & grade specs for Silver.
Recycling
Explore recycling for Silver.
Substitutes
Explore substitutes for Silver.
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