This blog post will go over the biggest silver mining companies. Silver mining companies are engaged in the exploration, development, and production of silver. Many companies in the silver mining industry also mine for other metals, such as gold, palladium, lead, and zinc.

Many companies in the industry own and operate their own mines and are directly involved in production. By contrast, streaming companies, as they are called, purchase silver from producers in order to profit from price appreciation.
Silver is considered a precious metal, as it’s regarded as rare and carries a high economic value. It can be found in jewelry, coins, and also in electronics because it has the highest electrical conductivity of any metal. Like other precious metals, silver is often purchased by investors as a safe haven in times of economic turmoil.
Biggest Silver Mining Companies
Silver is a unique precious metal. It’s essential for many industrial applications. Silver is the best electrical and thermal conductor of all metals, making it highly valued for electrical applications. Because of that, more than half of silver’s demand comes from the industrial sector.
Silver is also highly valued by investors because it shares many of the same investment characteristics as gold. Safe-haven metals like silver can help investors hedge against inflation and weather an economic downturn. It can also help provide investors with more portfolio diversification. Here, we’ve rounded up some of the biggest silver mining companies.
Lists of the Biggest Silver Mining Companies
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Fresnillo
Fresnillo plc is a Mexican precious metal mining company incorporated in the United Kingdom and headquartered in Mexico City. Fresnillo is the world’s largest producer of silver from ores and Mexico’s second-largest gold miner. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company operates mines in the Mexican states of Zacatecas, Durango, and Sonora, and on the border of Chihuahua and Durango. Fresnillo also owns subsidiaries in South and North America.
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Polymetal International PLC – Silver Company Names
Polymetal International plc is a leading precious metals mining group with a high-quality portfolio of gold, silver, and copper mines, a pipeline of best-in-class growth projects, and one of the sector’s highest dividend yields. The company’s mining projects explore and develop precious metals through four geographical segments: Magadan, the Ural, Khabarovsk, and Kazakhstan.
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Pan American Silver
They produce silver, gold, zinc, lead, and copper through mines across the Americas. Pan American Silver was created with the intention of providing investors with the best vehicle to gain exposure to the silver price. Pan American Silver Corporation is a mining company based in Canada with operations in Latin America.
This company has a consensus rating of Strong Buy,” which is based on 4 buy ratings, 0 hold ratings, and 0 sell ratings. The average price target for Pan American Silver is $23.03. The company owns and operates silver mines in Peru, Mexico, Argentina, and Bolivia and has several development projects in the U.S., Mexico, Peru, and Argentina.
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Hecla Mining
Hecla Mining is the second-largest mining company that produces silver in the country. The company was founded in 1891. It is a gold, silver, and other precious metals mining company based in Coeur d’Alene, Idaho.
Hecla Mining engages in the exploration, development, and production of silver, gold, lead, and zinc. It produces lead, zinc, and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars containing gold and silver for traders.
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Buenaventura Mining
Buenaventura Mining is a Peruvian precious metals company engaged in the mining and exploration of gold, silver, and other metals. It is a Peru-based company engaged in the exploration and development of mineral properties. It produces gold, silver, zinc, and other metals. The company also owns an electric power transmission company, a hydroelectric plant, a processing plant, and an engineering services consulting company. It has non-controlling interests in other mining companies.
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Fortuna Silver Mines Inc. (FSM)
Fortuna Silver Mines Inc. is a Canada-based precious metals mining company with operations in Argentina, Burkina Faso, Mexico, and Peru. The company is primarily engaged in producing silver and gold minerals. The company’s activities are focused on Latin America. Its assets include the Caylloma silver mine in southern Peru, the San Jose silver and gold mine in Mexico, and the Lindero gold project in Argentina.
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Wheaton Precious Metal Corp.
Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces of silver and sells over 29 million ounces of silver mined by other companies as a by-product of their main operations.
Wheaton Precious Metals is a Canada-based precious metal streaming company engaged in the sale of gold, silver, palladium, and cobalt. The company purchases precious metals produced from mines that it does not own or operate.
Frequent Asked Questions
Here are some of the most frequently asked questions regarding the biggest silver mining companies.
Where is the richest silver mine?
Penasquito, located in the northeastern part of the state of Zacatecas, Mexico, is the worlds biggest silver mine by reserve.
In which country is silver the cheapest?
- Bulgaria
- Estonia
- Greece
- Malta
- Portugal
- Spain
What country owns the most silver mines?
The leading silver producers include Mexico, Peru, and China. As of 2022, Peru, Australia, and China had the largest silver reserves, with 98, 92, and 71 thousand metric tons, respectively. Four of the 25 largest silver mining companies are located in Mexico.
Which company is the best for silver?
- C. Chandra Jewelers
- Shaya by Caratlane
- PC Jeweler.
- Ananth Jewels.
- SJ Shubham Jewelers
- Ornate Jewels.
- Voylla
- Sri Jagdamba Pearls.
Does Warren Buffett own silver?
Investopedia contributors come from a range of backgrounds, and over the past 24 years, there have been thousands of expert writers and editors who have contributed. Warren Buffett does not invest in gold. He has invested almost $1 billion in silver, so the reason for his aversion is not simply a dislike for precious metals.
What countries are rich in silver?
This includes Mexico, Peru, Chile, Bolivia, and Argentina. As the world’s largest producer of silver, Mexico understandably is home to four out of the ten largest silver-producing mines worldwide.