(EnergyIndustry.Net, May 05, 2015 ) Albany, NY -- The 'Precious Metals Mining in Mexico to 2020' report comprehensively covers the country’s historic and forecast data on gold and silver reserves and production to 2020, with factors or drivers supporting the forecast. The report also includes production by states, historic and forecast production of major gold and silver mines, gold and silver historic and forecast prices, refined gold and silver metal consumption to 2020, consumption by end-use, demand drivers, profiles of major precious metals mining companies, information on the major active, exploration and development projects and regulations governing the industry.
The Fiscal Regime section provides information about the country’s regulatory authority, laws, licenses and other fiscal regime information such as taxes, rates and other charges applicable to the mining of the commodity in the country. It is an essential tool for companies active in Mexican mining, and for new competitors considering entering the industry.
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.
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.
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.
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, Michoacán 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.
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