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Latino Daily News

Monday February 28, 2011

Mexico Once Again Leader in Silver Production, Bypassing Peru

In 2010 Mexico has once again gained the top spot for being the world’s leading producer of silver, bypassing Peru that had the top spot for the last five years.

Mexico’s lead in silver production outpaces Peru by a mere 3.3 tons.  Mexico produced through November of 2010 3640.7 tons while Peru registered 3637.4 tons.

Mexico has been producing silver since the 16th century and a key reason the Spanish stayed to conquest the country.  Mexico was able to reclaim its top stop thanks in great part to new technologies and new mines opening. 

The silver mining sector is expected to grow by 23 percent in 2011 assuring that Mexico remains the top silver producer in the world for the foreseeable future.