The World's Largest Silver Mines
The biggest source of mined silver is not a silver mine: KGHM's three copper mines in Poland produced 42.5 Moz in 2025 as a by-product of copper. Next come Peñasquito (Mexico, 33.0 Moz in 2024) and Hindustan Zinc mines (India, 22.1 Moz in 2024). The 10 largest produce about 21% of the world's mined silver (26,000 tonnes in 2025, USGS); most of the rest comes from thousands of smaller mines, and most silver is mined as a by-product of lead, zinc, copper and gold.
Where the largest silver mines are
dot size = outputNumbers match the table. Dots that would overlap (the Nevada complexes, the Zacatecas mines) are spread out slightly with a line to their real position. Hover or tap a dot for its output.
The 24 Largest Silver Mines
Output at 100% of the mine (whole mine, all owners), in millions of troy ounces, ranked by the higher of 2024 and 2025.
| Mine | Country | 2025 (Moz) | 2024 |
|---|---|---|---|
| 1. KGHM Polish copper mines (Polkowice-Sieroszowice, Rudna, Lubin) By-product of copper. KGHM reports silver for its three Polish mines together (1,321 t in 2025); they are the world's largest source of mined silver. Source |
Poland Lower Silesia |
42.5 | 42.4 |
| 2. Peñasquito Polymetallic (silver, gold, zinc, lead); Newmont reports silver in whole millions of ounces. Source |
Mexico Zacatecas |
28.0 | 33.0 |
| 3. Hindustan Zinc mines (Sindesar Khurd, Rampura Agucha, Zawar and others) By-product of zinc-lead; company total for its financial year to March. Most comes from Sindesar Khurd (the map dot). Source |
India Rajasthan |
20.2 | 22.1 |
| 4. Juanicipio 2025 100% figure worked out from an owner's share. Source |
Mexico Zacatecas |
17.2 | 18.6 |
| 5. Antamina Copper-zinc by-product; 100% figure worked out from an owner's share. Source |
Peru Ancash |
17.7 | 11.4 |
| 6. Saucito | Mexico Zacatecas |
13.8 | 14.5 |
| 7. Cannington South32's financial year to June. Source |
Australia Queensland |
10.3 | 12.7 |
| 8. Puna (Chinchillas / Pirquitas) | Argentina Jujuy |
9.81 | 10.5 |
| 9. Fresnillo | Mexico Zacatecas |
10.3 | 10.2 |
| 10. Cerro Los Gatos 2025 100% figure worked out from First Majestic's share. Source |
Mexico Chihuahua |
8.38 | 9.68 |
| 11. Yumpag (processed at Uchucchacua) | Peru Pasco / Lima |
8.85 | 8.12 |
| 12. Greens Creek | United States Alaska |
8.72 | 8.48 |
| 13. San Julián | Mexico Chihuahua / Durango border |
8.29 | 8.44 |
| 14. Collahuasi Copper by-product; 100% figure worked out from an owner's share. Source |
Chile Tarapaca |
5.18 | 8.31 |
| 15. Garpenberg | Sweden Dalarna |
8.22 | 8.23 |
| 16. Palmarejo | Mexico Chihuahua |
6.50 | 6.78 |
| 17. Ying mining district Silvercorp's financial year to March. Source |
China Henan |
6.30 | 6.40 |
| 18. Inmaculada | Peru Ayacucho |
5.62 | 6.37 |
| 19. Rochester | United States Nevada |
6.08 | 4.39 |
| 20. La Colorada | Mexico Zacatecas |
6.02 | 4.88 |
| 21. Mount Isa zinc-lead (George Fisher) and McArthur River est. | Australia Queensland / Northern Territory |
5.83 | 5.77 |
| 22. San Dimas | Mexico Durango / Sinaloa border |
5.39 | 4.54 |
| 23. Lucky Friday | United States Idaho |
5.26 | 4.89 |
| 24. Las Chispas Coeur's ownership from mid-February 2025 only. Source |
Mexico Sonora |
5.15 | — |
Large mines by country
| Country | Mines in list | Their output (2025) |
|---|---|---|
| Mexico | 10 | 109.0 Moz |
| Peru | 3 | 32.2 Moz |
| United States | 3 | 20.1 Moz |
| Australia | 2 | 16.1 Moz |
| Poland | 1 | 42.5 Moz |
| India | 1 | 20.2 Moz |
| Argentina | 1 | 9.81 Moz |
| Sweden | 1 | 8.22 Moz |
| China | 1 | 6.30 Moz |
| Chile | 1 | 5.18 Moz |
Output of the listed mines only (2024 where 2025 is missing). Total production by country: silver production by country.
Why most silver comes from other mines
Only about a quarter to a third of the world's silver comes from mines where silver is the main product, most of them in Mexico and Peru. The rest is a by-product: it is recovered when copper, lead, zinc and gold ores are processed. That is why a Polish copper miner, an Indian zinc miner and a Peruvian copper-zinc mine rank among the biggest silver producers.
It also means silver output depends on the markets for other metals: when a zinc or copper mine slows down, its silver falls with it, whatever the silver price does.
See also: how much silver has been mined and how much is left.
Largest Silver Mines: FAQ
What is the largest silver mine in the world?
By silver output, KGHM's copper mines in Poland (Polkowice-Sieroszowice, Rudna and Lubin), with about 42.5 Moz in 2025, reported together. Among mines where silver is the main product, Juanicipio (Mexico, 17.2 Moz) was the largest.
Which country has the most large silver mines?
In our list of the 24 largest: Mexico (10), Peru (3), United States (3), Australia (2). For total production by country, see silver production by country.
How much silver does the largest mine produce?
About 42.5 Moz a year, roughly 5.1% of world mine production. At the 2025 average price of $40.12 an ounce that is worth about $1.7bn.
Why do the rankings differ between sources?
Companies report differently: some give their own share, others the whole mine; some count "gold-equivalent" ounces or financial years; complexes of several pits are counted as one mine by some and split by others. Output also jumps from year to year (strikes, accidents, new ore zones). We show the whole mine (100%) wherever possible and rank by the higher of 2024 and 2025, so a mine hit by a one-off disruption still appears.
Where do these figures come from?
From each operator's production report, annual report or regulatory filing, linked in the table. Many large copper and zinc mines that produce silver as a by-product (Escondida, Grasberg, mines in China and Russia) do not publish silver by mine, so they are missing.
Sources: company production reports, annual reports and regulatory filings, linked for each mine (researched November 2026); world production: U.S. Geological Survey, Mineral Commodity Summaries 2026. Locations are approximate (to about 10 km). Shares and rankings are Corgano's calculations. Map outlines: Natural Earth.
See also: silver production by country · largest gold mines.
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@misc{corgano2026theworldslargestsilver, author = {{Corgano}}, title = {The World's Largest Silver Mines}, howpublished = {\url{https://silverprice.corgano.com/largest-silver-mines}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-11-04}}