Mexico: A Mining Giant

  • World’s #1 Silver producer, #5 Lead, #5 Molybdenum, #6 Zinc, #8 Gold, #9 Copper
  • Mining contributes to c.1.6% of Mexico's industrial GDP with a high CAGR
  • The sector employed >400,000 direct jobs and nearly 2 million indirect jobs
  • In 2021, Mexico’s mining production amounted to US$16.7 billion 
  • Mexico is the world’s fourth-largest recipient of foreign direct investment (FDI) for mining, with Canada as the leading foreign investor **
  • In comparison to 2010, the Mexican annual copper production has almost tripled, making it the ninth-largest producer in the world in 2020.
  • Mexico hosts the world’s 5th largest in situ resources of copper
  • Mexico is a stable economic powerhouse: 14th ranked economy by GDP; grew by 3.1% in 2022;
  • 12th largest global crude oil producer, diversified and integrated into N. American economies through membership in USMCA (NAFTA) Trade Agreement   


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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.

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