
Which of the following countries is the largest producer of silver?
a. USA
b. South Africa
c. Mexico
d. Brazil
Answer
465k+ views
Hint:
Ever since ancient times, silver has been known to humans. Evidence in Asia Minor shows that silver dating back as far as 6,000 years ago was separated from lead. The chemical element and transition metal is the most reflective metal with the highest electrical and thermal conductivity of any metal.
Complete solution:
Mexico is the largest producer of silver in the world. In 2019, the country produced some 190 million ounces of silver and therefore, was the world's largest silver producing country. Peru was the second-largest silver producer, with production amounting to 135 million ounces in that year. The overall global amount of silver production in 2019 was estimated at 27,000 metric tonnes or 836.5 million ounces.
As the largest silver producer in the world, Mexico is, understandably, home to five of the world's ten largest silver producing mines.
Mexico accounts for 21% of world production and exports about 70% of the silver produced in Mexico, while the rest is sold on the domestic market. The increased production in Mexico came from the expansion of the Fresnillo-operated Saucito and Saucito II mines and the El Cubo mine, owned by Endeavour Silver, a Canadian company.
Hence, the correct answer is option C.
Note:
Silver mining has been carried out from an early age. Since silver is a precious metal mostly used for coins, its mining has often been lucrative historically. Newly discovered deposits of silver ore have ignited silver rushes of miners chasing their fortunes, as with other precious metals like gold or platinum.
Ever since ancient times, silver has been known to humans. Evidence in Asia Minor shows that silver dating back as far as 6,000 years ago was separated from lead. The chemical element and transition metal is the most reflective metal with the highest electrical and thermal conductivity of any metal.
Complete solution:
Mexico is the largest producer of silver in the world. In 2019, the country produced some 190 million ounces of silver and therefore, was the world's largest silver producing country. Peru was the second-largest silver producer, with production amounting to 135 million ounces in that year. The overall global amount of silver production in 2019 was estimated at 27,000 metric tonnes or 836.5 million ounces.
As the largest silver producer in the world, Mexico is, understandably, home to five of the world's ten largest silver producing mines.
Mexico accounts for 21% of world production and exports about 70% of the silver produced in Mexico, while the rest is sold on the domestic market. The increased production in Mexico came from the expansion of the Fresnillo-operated Saucito and Saucito II mines and the El Cubo mine, owned by Endeavour Silver, a Canadian company.
Hence, the correct answer is option C.
Note:
Silver mining has been carried out from an early age. Since silver is a precious metal mostly used for coins, its mining has often been lucrative historically. Newly discovered deposits of silver ore have ignited silver rushes of miners chasing their fortunes, as with other precious metals like gold or platinum.
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