Not all countries with high silver reserves also mine a lot of silver

Which countries produce a lot of silver is of interest. But also the silver reserves of the countries offer valuable information.

If a country produces a lot of silver, then there are usually a lot of mining companies there and there could be good investment opportunities. However, silver reserves in less producing countries that can also be mined economically should also be in focus. Because often just these countries have high silver reserves, could invite to lucrative silver investments. According to the latest data from the US Geological Survey, the highest silver reserves are in Peru. In terms of silver production volume, the country also ranks second in the world in 2020, where the Antamina mine, which is actually primarily a copper mine, produces more silver than any other in Peru.

Australia produces much less silver than Peru but has large silver reserves (88,000 tonnes). Most of the silver comes down under from the Cannington mine. Poland also has a lot of silver but produces comparatively small amounts.

In addition to the top silver countries Peru, Australia and Poland, Russia, China, Mexico, Chile, the USA and Bolivia follow in order of size of silver reserves. Total global silver reserves are believed to be around 500,000 tonnes, according to the US Geological Survey. A word about the price of silver. The gold-silver ratio just rose to 77. This marks the highest level since late November. And the higher it is, the cheaper silver is compared to gold. That’s where getting into silver companies might be worth considering.

MAG Silver – operates the Juanicipio project in Mexico together with its partner Fresnillo. Development material has been produced since the end of last year. By the end of 2021, 40 to 50 percent of the nominal capacity should be reached.

In the silver country Peru, for example, Kuya Silver – is located with its Bethania project (silver, lead and zinc), this produced until 2016. First drilling results brought very promising results.

Current company information and press releases from MAG Silver (- -) and Kuya Silver (- -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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