Mexico: A Mining Giant

Mexico is a stable economic powerhouse with the world’s 12th largest GDP (2023) [1] and is forecast to rise to become the 10th largest by 2030. It is the world’s 9th largest recipient of Foreign Direct Investment.

Mexico is a party to the  United States-Mexico-Canada Agreement (formerly NAFTA), a longstanding trade agreement that provides protections to foreign ownership of mineral concessions. 

Mexico s a global mining giant ranking in the Top 10 for production of silver, lead, molybdenum, zinc, copper and gold. The country’s mining sector accounts for 1.5% of national GDP, and supports 420,000 direct and 2 million indirect jobs. [2] [3]

Mexico is the 4th largest recipient of foreign direct investment for mining, with Canada as the leading foreign investor. Between Q1-Q3 2023 the mining sector saw FDI of US$2.9 billion, the highest figure since 2013, representing 9% of all FDI in Mexico. [4]

Map with star on Santo Tomas

Key Facts & Figures

Sinaloa: An Economic Powerhouse

The state of Sinaloa is Mexico’s largest exporter of agricultural projects and home to the 2nd largest fishing fleet. It’s preferential geographic location on Mexico’s Pacific coast provides easy access to international markets, e.g. from the port of Topolobampo. International exports from Sinaloa totaled US$4.12 billion in 2022. [8]

Key Facts & Figures

Recent Industry Coverage of Mexico and Sinaloa State

The Northern Miner quoteMexico Business News quote

AMI quoteBBVA quote

CSIS quoteThe Northern Miner quote

Subscribe for Updates

These historical resource estimate models are based upon historical resource estimates prepared by John Thornton in 2011. While, in the opinion of Dane A. Bridge, author of the revised NI 43-101 standard technical report, Geology, Mineralization and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit, Sinaloa, Mexico dated April 21, 2020 (the “Report”), reliable estimation practices were used, in order to upgrade or verify the historical estimations, resampling and assay of historical drill samples, twinning of historical drill holes, and a new program of regularly spaced drilling is required. No qualified person has undertaken sufficient work to classify the current mineral resources or mineral reserves upon which these models are based and the Company is not treating the estimates as current estimates of the mineral resources. The Company gives no assurance that either these models or the historical resource estimates upon which they are based are accurate, and does not undertake any obligation to update the models or to release publicly any update or revisions of the resource estimates except as required by applicable securities law. The reader is cautioned not to rely upon these models or the historical resource estimates upon which they are based.

Please signify your understanding:

I Agree