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Looking ahead, global silver production is expected to increase by 8.1% in 2021 to 918.3moz and then exceed 1 billion ounces by 2024 – a 3.2% CAGR. Mexico, Peru and China will be the key contributors towards this growth, with combined production in these countries expected to increase from a forecast 393.9Moz in 2021 to 443.9Mkoz in 2024.

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