Industry Description
This U.S. industry comprises establishments primarily engaged in developing the mine site, mining, and/or beneficiating (i.e., preparing) ores valued chiefly for their silver content. Establishments primarily engaged in transformation of the silver into bullion or dore bar in combination with mining activities are included in this industry.
Cross-References.
Business Examples
Common types of business activities within NAICS 212222 - Silver Ore Mining are:
- Placer silver mining and/or beneficiating
- Silver ores mining and/or beneficiating
- Bullion, silver, produced at the mine
IBISWorld Industry Research Report
Gold & Silver Ore Mining in the US (21222)
Revenue 2025
$15.3bn
Growth 2025
11.95%
Key Trends
The capital-intensive environment, historically volatile production volumes and unstable metal prices have forced many operators to exit the industry
Despite growing demand and rising prices, the industry has had trouble maintaining production
Despite overlying economic shifts, industry revenue and profit will likely continue to be heavily dependent on the output and price of gold
Products and Services
Similar Industries
For some business types, there may be a similar industry to 212222 - Silver Ore Mining that is a better classification match. Establishments primarily engaged in:
-
NAICS Cross Reference
Establishments primarily engaged in manufacturing silver bullion or dore bar without mining are classified in Industry 331410, Nonferrous Metal (except Aluminum) Smelting and Refining.
IBISWorld industry research report
NAICS Hierarchy 212222 - Silver Ore Mining
NAICS Code 212222 - Silver Ore Mining sits in the 2-digit Silver Ore Mining sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 21
Sector Title: Mining, Quarrying, and Oil and Gas Extraction
3 Digits 4 Digits 5 Digits 6 Digits
-
-
2111 Oil and Gas Extraction
-
21112 Crude Petroleum Extraction
-
21113 Natural Gas Extraction
-
-
-
-
2121 Coal Mining
-
2122 Metal Ore Mining
-
21221 Iron Ore Mining
-
21222 Gold Ore and Silver Ore Mining
-
21223 Copper, Nickel, Lead, and Zinc Mining
-
21229 Other Metal Ore Mining
-
-
2123 Nonmetallic Mineral Mining and Quarrying
-
21231 Stone Mining and Quarrying
-
21232 Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying
-
21239 Other Nonmetallic Mineral Mining and Quarrying
-
-
-
-
2131 Support Activities for Mining
-
NAICS Resources
Can't find the NAICS Code you are looking for? Full NAICS Code Directory
