List of largest silver mining companies by market cap

Silver mining companies form a vital segment of the precious metals industry, extracting both primary silver and byproduct metals from polymetallic deposits. They are primarily traded on exchanges like NYSE, TSX, and Mexican Stock Exchange, essential platforms for commodity investments. Despite market cyclicality, the silver mining sector, led by low-cost producers, offers investors leveraged exposure to silver prices and growing industrial demand.

Precious metals exchanges are not just platforms for mining firms; they facilitate capital deployment into the $32B global silver production market. The main advantages of investing in silver mining stocks include:

• Dual demand exposure: Companies benefiting from silver’s monetary heritage and industrial applications in solar panels, electronics, and electric vehicles.
• Operational diversity: Primary producers (Fresnillo), polymetallic miners (Polymetal), and byproduct operations (Southern Copper).
• Price leverage: Historically 2-3x amplification to silver price movements compared to physical metal.

Industry leader Fresnillo PLC produces 53M ounces annually from Mexico – the world’s largest primary silver output – with reserves containing 500M ounces. Together with Pan American Silver (operating five mines across the Americas), they anchor the sector, with Fresnillo supplying 15% of global primary production. Investing in silver miners provides exposure to companies satisfying 40% of industrial silver demand for photovoltaic cells and electronics.

Leading producers are cost efficiency specialists. First Majestic operates at $14.50/oz all-in sustaining costs, while Hochschild Mining maintains 20-year production histories. Hecla Mining achieved 40 consecutive years of dividend payments. This discipline explains why silver miners outperformed bullion by 35% during the 2020-2021 rally. Beyond extraction, the sector includes 5 of the world’s 8 largest silver deposits: Fresnillo’s Saucito, KGHM Polska Miedź’s Lubin, Pan American’s La Colorada, Glencore’s Antamina, and Southern Copper’s Buenavista.

Regulated broker Invest now: Buy Stocks & ETFs in just 15 minutes from $50 Your capital is at risk. Free demo account & education

The following table contains a list of the largest silver mining companies by market capitalization, primarily traded on NYSE/TSX/global exchanges (including primary silver miners and polymetallic producers with significant silver output). The list includes only publicly traded companies, and the presented data (price, market cap) are regularly updated to reflect the current market situation.