OBPAI Geek Team•2026/8/12•0 阅读
Global Silver Producers of 2026
2025 Ag: Fresnillo 47.6 Moz; KGHM 43.3; Newmont 28; PAS 22.8; Glencore 20.4; Coeur 17.9.
silverFresnilloKGHM2026
Main table: 2025 silver production (Moz)
Compiled 2026-08-13. Ranked by 2025 silver output in million troy ounces. KGHM disclosed tonnes converted at ~32,151 oz per tonne. Newmont and Glencore include by-product silver. Related: gold miners, copper, zinc.
| # | Company | 2025 Ag (Moz) | YoY / note |
|---|---|---|---|
| 1 | Fresnillo | 47.6 | ~−12%; within guidance; still among the world’s largest silver producers |
| 2 | KGHM | 43.3 | Group 1,347 t metallic silver; remains in the global top-three tier |
| 3 | Newmont | 28.0 | By-product silver; annual-report figure |
| 4 | Pan American Silver | 22.8 | Attributable; above updated full-year guidance |
| 5 | Glencore | 20.4 | Own-source silver 20,425 koz (+6%) |
| 6 | Coeur Mining | 17.9 | ~+57%; Rochester expansion at design rates |
Fresnillo’s ~47.6 Moz still led 2025 silver output. KGHM followed near 43 Moz. Newmont’s by-product silver, Pan American, Glencore and Coeur rounded out the top six.
Side table: Hecla & First Majestic
| Company | 2025 Ag (Moz) | Scope |
|---|---|---|
| Hecla Mining | 17.0 | ~+5%; top of guidance; Lucky Friday / Keno Hill |
| First Majestic Silver | 15.4 | Record output; Gatos Silver integration |
How we ranked
2025 silver production in Moz; tonnes and koz converted. Board defaults to S–D.
| Source | When | Used for |
|---|---|---|
| Fresnillo 2025 production / Mining Visuals 2025 | 2026 | Fresnillo ≈47.6 Moz |
| KGHM Q4 2025 | 2026 | Silver 1,347 t |
| Mining Visuals 2025 (cites Newmont AR) | 2026 | Newmont 28 Moz |
| Pan American FY2025 | 2026 | Attributable 22.8 Moz |
| Glencore FY2025 production | 2026 | Silver 20,425 koz |
| Mining Visuals / Hecla, Coeur, First Majestic releases | 2026 | Coeur / Hecla / First Majestic |
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