LIMA – Peruvian silver production rose in 2015 to 4,102 metric tons, an increase of 8.6 percent from the 3,777 metric tons reported the previous year, the National Mining, Petroleum and Energy Society, or SNMPE, said on Wednesday.
In a statement, the SNMPE said the value of Peruvian silver exports amounted to $1.38 billion over the past five years, while the main markets for that precious metal were the United States, Canada, Brazil and Switzerland.
Citing figures from the U.S. Geological Survey, it added that Peru’s silver reserves – 120,000 tons – were the world’s largest and accounted for around 21 percent of the estimated global total of 570,000 tons.
Peru ranked second globally in silver production with output of 4,102 metric tons in 2015, equivalent to around 15 percent of the global total last year.
Mexico led the world with production of 5,400 metric tons, while China (4,100 metric tons) and Australia (1,700 metric tons) ranked third and fourth, respectively.
Experts will analyze the global state of that industry when they gather in Lima on May 17-18 for the 12th edition of the International Gold & Silver Symposium, a biennial event.