WORLDSILVERSURVEY2019WorldSilverSurvey2019TheSilverInstitute/RefinitivTHESILVERINSTITUTE(majorfundingcompaniesofTheSilverInstitute)AsahiRefiningCia.deMinasBuenaventura,S.A.A.CoeurMining,Inc.EndeavourSilverCorp.FirstMajesticSilverCorp.FresnilloplcHeclaMiningCompanyHochschildMiningplcIndustriasPeñoles,S.A.B.deC.V.PanAmericanSilverCorp.WheatonPreciousMetalsFrontCoverImage:Macrocloseupofapuresilverbullioncoin©MichaelTurner-Dreamstime.comRefinitivTheRefinitivBuilding,30SouthColonnadeLondon,E145EP,UKE-mail:GFMS@refinitiv.comWeb:financial.tr.com/eikon-metalsTheSilverInstitute1400IStreet,NW,Suite550Washington,D.C.,20005Telephone:+1-202-835-0185info@silverinstitute.orgwww.silverinstitute.orgWORLDSILVERSURVEY2019BYCameronAlexander,DirectorofPreciousMetalsResearchBruceAlway,DirectorofBaseMetalsResearchSaidaLitosh,ManagerofMetalsResearchJohannWiebe,LeadAnalystWenyuYao,LeadAnalystDebajitSaha,SeniorAnalystKarenNorton,SeniorAnalystSamsonLi,SeniorAnalystFedericoGuy,SeniorAnalystNatalieScott-Gray,SeniorAnalystSeemaGoenka,AnalystOTHERCONTRIBUTORS:IFRProduction,RefinitivProducedforTheSilverInstitutebytheGFMSteamatRefinitivABOUTTHEMAJORSPONSORSOFWORLDSILVERSURVEY2019CoeurMining,Inc.CoeurMining,Inc.isawell-diversified,growingpreciousmetalsproducerwithfiveminesinNorthAmericaemployingapproximately2,000people.Coeur’swholly-ownedoperationsincludethePalmarejosilver-goldcomplexinMexico,theSilvertipsilver-zinc-leadmineinBritishColumbia,theRochestersilver-goldmineinNevada,theKensingtongoldmineinAlaska,andtheWharfgoldmineinSouthDakota.Inaddition,theCompanyownstheLaPreciosaprojectinMexico,asilver-goldexplorationstageproject,andconductsexplorationactivitiesthroughoutNorthAmerica.FresnilloplcFresnilloplcistheworld’slargestprimarysilverproducerandMexico’ssecondlargestgoldproducer,listedontheLondonandMexicanStockExchangesunderthesymbolFRES.Fresnilloplchassevenoperatingmines,alloftheminMexico-Fresnillo,Saucito,Ciénega(includingtheSanRamónsatellitemine),Herradura,Soledad-Dipolos1,NocheBuenaan...