HL - Silver Stocks: 3 Biggest US Producers in 2024

2024-05-27 16:50:00 ET

The US was one of the world’s top silver producers in 2023, recording output of 1,000 metric tons (MT).

While that’s far below first-place Mexico’s 6,400 MT of silver, the US is still a major producer of the precious metal, and is likely to remain a key source moving forward. However, few mines in the US are primary silver producers — much of the silver in the country is produced as a by-product of gold mining; it can also be found with metals like copper and zinc.

So where exactly is silver produced in the US, and which companies are mining it? Alaska is the leading silver-producing state, followed by Nevada and Idaho. Read on for an overview of the three largest US silver producers by market cap.

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