Chile's silver output plummets by 26%
According to the most recently released data from Chile’s Ministry of Mining, the country’s silver production declined a stunning 26% in the first quarter of 2017. This is a big deal as Chile is the fourth largest silver producing country in the world. The majority of Chile’s silver production comes as a by-product of copper production.
Chile is the largest copper producer in the world, by a long shot. Last year, Chile produced 5.5 million tons of copper compared to Peru, who took a distant second place at 2.3 million tons.