For those interested, below are the Top 10 silver mines in the world + production figures. Even in IVR came in at Number 10 - 9million ounces a year, that is still a monster, monster resource which will put a rocket under the SP.
1. Cannington Silver Mine
Ownership: BHP Billiton (NYSE:BHP)
Location: Australia
Annual production: 38, 997,000 ounces of silver.
Other metals produced: lead, zinc.
2. Rudna-Lubin Silver Mine
Ownership: KGMH Polska Miedz SA
Location: Poland
Annual production: 37,330,000 ounces of silver.
Other metals produced: lead, zinc.
3. Fresnillo-Zacatecas Silver Mine
Ownership: Fresnillo Plc. (LON:FRES)
Location: Mexico
Annual production: 35,905,701 ounces of silver.
4. San Cristobal Silver Mine
Ownership: Sumitomo Corp. (TYO:8053)
Location: southwestern Bolivia.
Annual Production: approximately 19,000,000 ounces of silver.
Other metals produced: lead, zinc.
5. Penasquito Silver Mine
Ownership: Goldcorp (NYSE:GG) (TSE:G)
Location: Mexico
Annual production: 13,952,600 ounces of silver.
Other metals produced: gold, lead, zinc.
6. Antamina Silver Mine
Ownership: Compania Minera Antamina, which is owned 33.75% by BHP Billiton, 33.75% by Xstrata Inc. (LON:XTA) , 22.5% by Teck Resources (NYSE:TCK) and 10% by Mitsubishi Corp.
Location: Peru
Annual Production: 12,820,000 ounces of silver.
Other metals produced: copper, zinc, molybdenum.
7. Gumuskoy Silver Mine
Ownership: Eti Mine Works
Location: Turkey
Annual Production: 11,460,000 ounces of silver.
Other metals produced: gold, copper, zinc, lead.
8. Dukat Silver Mine
Ownership: Polymetal (LON:POLY)
Location: Russia
Annual Production: 11,100,000 ounces of silver.
Other metals produced: gold.
9. Pallancata Silver Mine
Ownership: Hochschild Mining (LON:HOC) and International Minerals Corp. (TSE:IMZ)
Location: Peru
Annual Production: 10,136,000 ounces of silver.
Other metals produced: gold.
10. El Penon Silver Mine
Ownership: Yamana Gold (NYSE:AYU)
Location: Peru
Annual Production: 9,427,209 ounces of silver.
Other metals produced: gold.
week beginning 16/4, page-24
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