5 Biggest Silver Mining Companies in the World

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1. Fresnillo Plc (LON:FRES)

Average Annual Silver Production: 50.4 million ounces

In 2023, Fresnillo PLC, a subsidiary of the Mexican conglomerate Industrias Penoles S.A. de C.V., delivered a strong performance. In Q3 2023, the company produced 13.1 million ounces of silver, marking a 5.1% increase from the previous quarter. However, there was a minor decline of 1.5% compared to the same period in 2022, when they produced 13.3 million ounces. Looking ahead, Fresnillo anticipates a stable year, with silver production expected to range from 57.0 to 64.0 million ounces, aligning with their previously set targets for 2023.

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