Mexico Mining Production

The Mexican Silver Belt (La Faja de Plata), is the world’s most productive silver district with an annual production of over 10 billion ounces of silver and between 63 and 75 million ounces of accompanying gold production. Many of the major mines in this region which comprises 800 kilometers along the Sierra Madre Occidental mountain range, including mining districts that have been in nearly continuous production since the 16th century, such as Pachuca (Hidalgo); Guanajuato; Zacatecas and Fresnillo (Zacatecas); Tayoltita (Durango); Santa Eulalia and Parral-Santa Bárbara-San Francisco del Oro (Chihuahua) and Charcas (San Luis Potosí). The belt currently produces about 100 million ounces a year from a combination of epithermal vein and carbonate replacement deposits (CRDs) with production grades ranging from five to 30 ounces per ton of silver (plus substantial copper, zinc and lead co-production) at mining rates of a few hundred to 7,500 tons per day. It is expected that Mexico will retain its place as the world’s largest silver producer in the next years, due to production increases programmed by mining companies like Fresnillo Plc, Coeur d’Alene, Goldcorp and Fortuna Silver Mines, among others.

Source: ProMexico

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