Silver Production From Top 6 Companies Declined In 2013
Of the top six companies, the largest four stated declines, while the two smaller producers increased mine supply slightly.
The largest silver producer in the world, KGHM Polska Miedz saw its mine supply fall the most by 3.7 million oz (9%), from 41 mil oz in 2012 to 37.3 mil oz in 2013. Furthermore, BHP Billiton’s silver production fell from 39 mil oz in 2012 to 37.5 mil oz in 2013, while Fresnillo’s production declined from 36.9 mil oz in 2013 to 34.5 mil oz in 2013. The chart below shows the change in production year-over-year from the top silver mining companies:
Production grew from the two smallest companies in the group. Polymetal increased its silver production (+0.7 mil oz) from 26.5 mil oz in 2012 to 27.2 mil oz in 2013 and Pan American Silver added nearly a million oz.
Overall silver production from the group in 2013 declined 6.2 million oz (3%), from 199 mil oz in 2012 to 192.8 mil oz in 2013.