There was a typing error in yesterday’s post which has been corrected.
Peru ranks #1 in the world for reported silver reserves/deposits, at roughly 110,000 metric tonnes of contained silver—about 18% of global reserves.
Important distinction
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Silver reserves/deposits: Peru is ranked first globally.
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Mine production: Peru is generally second globally in recent rankings, behind Mexico, at about 131 million ounces annually.
“Peru holds the world’s largest reported silver reserve base—approximately 110,000 tonnes, or nearly one-fifth of global reserves—while ranking second in annual mine production.”