Global mine production rose again in 2009, by almost 4%, its seventh straight annual increase to reach a record high of 709.6 Moz, or 22068.5 tons. That is over 22.5 ounces of silver per second , more than ever before. Output was driven higher by strong production increases in several Latin American countries as mining projects, many of which are primary silver producers, came to fruition, and by higher output in Asia, principally from China and Turkey. Peru is a number 1 silver producer in the world. 4.2 ounces of silver per resident were mined in Peru in 2009. Globally, only 3.2 grams produced per potential consumer. If we made a cube out of the silver produced in 2009, it would be 28.09 meters high. That's a lot of silver isn't it. As of today, the silver price is $29.18 per ounce. Right now, production of 2009 would be worth $20.7 billion .
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Top 20 Silver Producing Countries in 2010(millions of ounces)
|Top 20 Silver Producing Countries in 2009|
(millions of ounces)