Lead, gold see biggest drops in Mexico's mining output

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Wednesday, November 30, 2016

Mexico's mining output fell 8.1% in September compared with the same month last year, with lead and gold leading the decline.

Lead production was down 25.1% to 13,822t, with gold 22.4% lower at 9,045kg (290,797oz), according to data from statistics agency Inegi. Silver output was 6.0% lower at 396,515kg, with zinc down 9.8% to 37,315t.

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In metallic mining, only copper production increased, up 6.4% to 44,773t. Iron pellet output fell 13.2% to 623,464t.

Lower lead, gold and silver output in part reflects a sharp drop in production at Goldcorp's Peñasquito mine.

Mexico's copper production is dominated by Southern Copper, with output up as a result of the US$3.5bn Buenavista del Cobre mine expansion.

Total mining output has declined each month since November 2015, compared to the year before.

NON-METALLIC

Non-coking coal production was up 12.1% at 681,217t, with coke down 18.0% to 108,504t. Sulfur production declined 17.4% to 50,216t, with gypsum down 7.8% at 392,491t, and fluorspar 4.3% lower at 49,212t.

Mexico is the world's biggest silver miner and a top 10 producer of gold, copper, zinc and lead.