Silver- and Gold-country Mexico
Mexico's mines provide 35.3 percent gold, 20.3 percent silver, nearly 24 percent copper and some other commodities such as zinc. With the price of gold and silver long gone, which has now changed, mining companies have focused primarily on cost reduction and capital management.
A total of almost 1,160 mines operate in Mexico, including a large number of first-class properties. Nevertheless, only about 25 percent of Mexico has so far been explored more closely for mineral resources. This is why both large and small mining companies explore their mines.
Among the successful silver companies in Mexico is Endeavour Silver - https://www.commodity-tv.net/c/search_adv/?v=299242- with four producing silver-gold mines (Guanaceví, Bolañitos, El Cubo, El Compas). The El Compas mine is now in full operation. Endeavour Silver's Parral project is providing positive exploration results with recently up to 332 grams of silver per tonne of rock. The Terronera project is about to be developed.
Mexico is the fourth largest destination for foreign direct investment. Approximately 70 percent of foreign owned mining companies operating in Mexico are located in Canada. Just like Endeavour Silver or MAG Silver.
MAG Silver - https://www.commodity-tv.net/c/search_adv/?v=299118 - is expected to start silver production next year at the Juanicipio Silver Project in Mexico with partner Fresnillo. The planned 4,000 tons per day are to be increased by further exploration possibilities.
Current corporate information and press releases from 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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