Investment in Mexico's mining sector
Last year, the economy weakened due to the pandemic. Investments in the mining sector have also slumped accordingly. The increase in the current year is estimated at around 42 percent, according to the responsible head of the Mexican mining authority. In Mexico, the mining sector accounts for about 2.3 percent of the country's total economic output. In general, insiders in the mining community there are predicting a good year for investment. About 385 million US dollars are expected to flow into exploration investments in the current year, which would be 14 percent more than in the year before.
Mexico is the world's largest silver producing country and accounts for about a quarter of global silver production. Mexico is also one of the ten largest copper and gold producers. In addition, there are potential lithium reserves. Last year, mining production decreased by 1.3 percent, but the value of production increased by almost a quarter due to higher metal prices. This corresponds to a value of around 13 billion US dollars.
In the silver country Mexico, there are many noteworthy companies, such as the producer Endeavour Silver - https://www.youtube.com/watch?v=RrSQBy3XBmE . With three silver-gold mines in Mexico, the company has been successfully established for many years. The second quarter of 2021 was better than the comparable quarter of the previous year in terms of sales, cash flow and profit. Endeavour Silver is still looking for optimizations in operating costs.
MAG Silver - https://www.youtube.com/watch?v=DeeEpTP2P34 - also aims to become a primary silver company. Flagship project is the Juanicipio project, which is operated together with the partner Fresnillo in Mexico. An underground mine is being developed. Material has been extracted from the mine since the end of 2020.
Latest corporate information and press releases from Gran Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
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