Report explores the Global silver mining to 2020 - silver production historic & forecast data, prices & silver metal consumption

Global silver metal reserves totaled were 571,000 tones (t) at the end of January 2016. Peru accounted for the largest share, with 21%, followed by Australia and Poland with 14.9% each, Chile with 13.5%, China with 7.5% and with Mexico 6.5%.

Global silver mine or metal content in ore production was 930.5 million ounces in 2015; down by 1.6% over 2014.
Production fell by 25.7% in Australia, 6.7% each in Russia and the US, 4% in Chile and 2.1% in China, accounting for the global decrease in silver production that year.
Global silver consumption was 1.17 billion ounces in 2015; up by 3.4% over 2014, due to a 24% increase in demand from coins and bars - supported by fall in silver price. Country level average mine gate cash costs reflect the nature of their respective coal industries. For instance the US has high cost operations in the Appalachian basin; however these are offset by their large opencast operation in the Powder River basins. Australia is firmly in the second half of the curve, due to its higher strip ratios, and processing costs.

Report explores the Global silver mining to 2020 - silver production historic & forecast data, prices & silver metal consumption