Silver price, page-13

In Top Producing Countries
Aug. 29, 2019

According to the mine supply data reported by each country, Peru's silver production is down 10% in the first half of the year, while Chile fell 7% and Mexico was lower by 4% (Jan-May).

Peru's silver mine supply for the first half of 2019 fell 216 metric tons, Mexico declined 113 metric tons and Chile lost 44 metric tons versus the same period last year. Silver production reported by Peru's Ministry of Energy and Mines shows a 10.46% decline in silver (plata) mine supply from Jan-Jun.

Next, Chile shows a 7.2% decline in its domestic silver mine supply in the first half of the year while gold production increased 13%.

And lastly, according to Mexico's INEGI, the country's silver production fell 113 metric tons, or 4.4% in the first five months of 2019.

I could not get the total mine supply data for Russia, but its largest primary silver mining company, Polymetal, reported a 15% decline in silver production for 1H 2019 vs. the same period last year.

Here are the rankings of the top 10 silver producing countries in the world in 2019, according to the World Silver Survey (figures are rounded):

Mexico = 197 Moz
Peru = 145 Moz
China = 115 Moz
Russia = 43 Moz
Chile = 42 Moz
Bolivia = 40 Moz
Poland = 40 Moz
Australia = 35 Moz
USA = 28 Moz
Argentina = 26 Moz

I could not get the total mine supply data for Russia, but its largest primary silver mining company, Polymetal (OTCOYYF), reported a 15% decline in silver production for 1H 2019 vs. the same period last year. So, it seems that many countries are showing declines in silver mine supply this year, right when the silver price has broken above a 6-year resistance level.

https://seekingalpha.com/article/4288631-silver-price-surges-higher-mine-supply-falls-top-producing-countries