5 Biggest Silver Mining Companies in the World

2. KGHM Polska Miedź (WSE:KGH)

Average Annual Silver Production: 43.3 million ounces 

KGHM Polska Miedź S.A., headquartered in Poland, is currently ranked as the world’s second-largest silver producer. In 2022, KGHM reported a silver output of 42.7 million ounces, marking a slight 3% decrease from the 43.9 million ounces produced in 2021. To underscore its production capabilities further, KGHM extracted an impressive 1,099 tonnes of metallic silver from copper ore during the first nine months of 2023. This represents an 8% increase compared to the same period in the previous year. The company is driven by an ambitious vision to maintain its position among the top three silver producers globally, targeting an annual silver production of approximately 38 million ounces by 2030.