The map shows the six main gold mining states in Mexico. Production in Sonora has grown rapidly in the past decade and that state is now responsible for 32% of national production, ahead of Zacatecas (20%), Chihuahua (15%), Guerrero (13%), Durango (9%) and San Luis Potosí (7%).
GOLD & SILVER MINING IN MEXICO. Gold mining in Mexico is a significant sector within the country's mining industry, contributing to its position as one of the world's top producers of precious metals. The Penasquito mine, situated in the northeastern part of Zacatecas, Mexico, is the top spot for gold mining in the region and is quite well ...
The gold mining operations in Mexico are highly concentrated in the locations of six major states. Among them is Sonora whose gold production adds up to 32% of the national production. Its main locations known for gold mining include Caborca, Sahuaripa, Santa Ana, Alamos, Altar and Tricheras.
The companies Newmont, Torex Gold and Fresnillo plc operate the largest gold mines in Mexico, considering their 2021 production, informed the Mining Chamber of Mexico (Camimex).
2022 is also set to be a milestone year for Mexican gold mining, with multiple assets scheduled for first production — this is in addition to output from the country's existing mines. The...
Mexico Gold Mining Industry: Mexico's centuries-old mining industry is one of the largest in the world for foreign direct investments (FDI) at $1.6 billion in 2022. Mexico Gold Mining M&A: The Mexico mining sector remains the leader in M&A activity, with 151 announced transactions in 2022 valued at a total of $14.7 billion.
Browse gold mining mines in Mexico by region—including Aguascalientes, Baja California, Baja California Sur.
The following are the five largest gold mines by production in Mexico in 2023, according to GlobalData's mining database, which tracks more than 33,000 mines and projects from early exploration to closure across more than 150 countries and over 100 commodities.
Major Mexican Gold and Silver Mining States. While Mexico is known for its silver, I believe that some very large gold deposits will also be discovered in Mexico over the next 5 years. Just consider Newmont Mining s (NYSE: NEM) La Herradura mine… La Herradura Newmont's lowest cost gold producer started out as a three million ounce deposit.
La Herradura, of Fresnillo plc, was placed in the first position among the 10 main mines in Mexico in 2019, according to data from the Mining Chamber of Mexico (Camimex). In subsequent positions were the mines: the Limón-Guajes, owned by Torex Gold; Pinos Altos-Crestón Mascota (Agnico Eagle Mines), and Los Filos (Equinox Gold).