Page 30 - Bullion World Volume 03 Issue 5 may 2023

Bullion World | Volume 3 | Issue 5 | May 2023

in line with guidance and slightly product silver production of 30 Moz
GLOBAL above 2021 (53 million ounces) in 2022, which is 3% less than 31
with production from Juanicipio and
Moz produced in 2021. All of the
MINING increased volumes of ore processed company’s 2022 silver production
came from the Peñasquito
at Fresnillo, offset by the lower ore
polymetallic mine in Mexico.
grade at San Julián (DOB).
With 43 Moz of payable silver Glencore is fourth with 24 Moz of SAVE
news KGHM Polska Miedz is the second compared to 2021 primarily due to
produced in 2022, Poland’s
silver produced in 2022, down 25%
largest silver producer worldwide.
lower production of by-product silver
Production of payable silver was
Chile's CODELCO is the fifth largest
slightly lower compared to 2021 (44 at the company’s zinc operations. THE
Moz). Newmont is the third largest silver producing company with 22
silver producing company. Moz of silver produced in 2022. The
The company consolidated co- complete list is on the chart.
The World largest DATE!

silver producing
companies in 2022

Kitco ranked the top 10 silver
producing companies worldwide GLOBAL
based on reported silver output
in calendar 2022. Fresnillo is the PRECIOUS
world’s top silver producer and
Mexico’s largest gold producer. METALS
Fresnillo reported attributable silver
production of 54 million ounces CONFERENCE
in 2022 (including Silverstream),
2023

Source- Kitco.com, open source.
New Gold produces tonnes milled.

104,857 gold The company added that at New 15-17 October
Afton, gold and copper production
equivalent ounces in "improved meaningfully" over the
Q1, up 20% y-o-y same period last year, as the conference@lbma.org.uk
www.lbma.org.uk/events
operation's focus remained on
New Gold (TSX: NGD) (NYSE: steady-state mining of B3 and
NGD) reported that in Q1 2023, the C-Zone development.
company produced 104,857 gold
equivalent ounces, up 20% from Q1 Importantly, the company noted it
2022. remains well-positioned to meet all
annual production guidance metrics
New Gold said that at Rainy River, outlined earlier this year.
the company achieved its "strongest
first quarter of any year in the New Gold is a Canadian-focused
operation's history" and delivered intermediate mining company with
production growth of nearly 13% a portfolio of two core-producing
over the same period last year as assets in Canada, the Rainy River
greater underground ore tonnes gold mine and the New Afton
contributed to better-than-expected copper-gold mine. The company
grade, which more than offset lower also holds Canadian-focused
investments. BARCELONA 2023
Source- Kitco.com, open source.

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