Gold and Silver Accounted for 26% of all Mexican Mineral

Date: 2015-09-16

“• In 2013, gold and silver accounted for 26% and 21% respectively of all Mexican mineral and non-mineral production by value. This compared to copper with 17%, zinc with 5%, sand with 4%, gravel with 3%, iron ore with 3%, carbon with 2% and lead with 2%. However, up to June 2014, the ratio changed further, with gold occupying a 27.6% share, silver 17.5%, copper 16.1%, lead 9.6%, iron ore 8.2%, zinc 6.4%, molybdenum 2.6% and others 11.9%.

• The majority of the gold is mined in the state of Sonora while the state of Zacatecas was the top silver mine producer. Overall, Sonora was the top mineral producing state by value in 2013, followed by Zacatecas, Chihuahua and Durango. 

• Mexico stood 13th in the world with 1,400 tonnes (t) or 2.5% of global gold reserves as of January 2015. Substantial gold reserves can be found in the states of Sonora, Chihuahua, Durango, Michoacán and Guerrero.

• The country’s silver reserves were 37,000t or 7.0% of global silver reserves as of January 2015, and are mainly found in the states of Zacatecas and Chihuahua.”

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