Just Published: "Precious Metals Mining in Mexico to 2020"
New Materials research report from Timetric is now available from Fast Market Research
[USPRwire, Wed May 20 2015] Mexico was the second-largest gold mine producer after Peru in Latin America in 2014, and the world's eighth-largest gold producing country. Forecast gold mine production in 2014 was 3.5 million ounces, up by 1.5% over 2013. According to the USGS, Mexico with 18% of the global silver mine production was the world's largest silver mine producer in 2014, producing an estimated 186.5 million ounces, up by 8.8% over 2013. Penasquito mine in Zacatecas and Los Filos Mine in Guerrero are the main gold producing mines in Mexico.
Report Highlights
* In 2013, gold and silver accounted for 26% and 21% respectively of all Mexican mineral and non-mineral production by value. This compared to copper with 17%, zinc with 5%, sand with 4%, gravel with 3%, iron ore with 3%, carbon with 2% and lead with 2%. However, up to June 2014, the ratio changed further, with gold occupying a 27.6% share, silver 17.5%, copper 16.1%, lead 9.6%, iron ore 8.2%, zinc 6.4%, molybdenum 2.6% and others 11.9%.
* The majority of the gold is mined in the state of Sonora while the state of Zacatecas was the top silver mine producer. Overall, Sonora was the top mineral producing state by value in 2013, followed by Zacatecas, Chihuahua and Durango.
* Mexico stood 13th in the world with 1,400 tonnes (t) or 2.5% of global gold reserves as of January 2015. Substantial gold reserves can be found in the states of Sonora, Chihuahua, Durango, Michoacan and Guerrero.
* The country's silver reserves were 37,000t or 7.0% of global silver reserves as of January 2015, and are mainly found in the states of Zacatecas and Chihuahua.
The report contains an overview of the Mexican precious (gold and silver) metals mining industry together information on reserves, historic and forecast production to 2020 and factors in support of the forecast production and historic and forecast refined metal consumption and consumption by end-use to 2020. Further, it provides information about production by Mexican states, gold and silver prices, demand drivers, competitive landscape, major active, exploration and development projects and the fiscal regime governing the Mexican mining industry.
Reasons to Get this Report
Gain an understanding of the Mexican precious metals mining industry, the relevant factors affecting production forecast, reserves, historic and forecast production and refined metal consumption, prices, demand drivers, major active, exploration and development projects, the competitive landscape and the country's fiscal regime.
Companies Mentioned in this Report: Goldcorp Inc., Fresnillo Plc
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