Mexico
News

Gold, silver dip weighs on Mexico mining output

Bnamericas Published: Monday, October 03, 2022
Gold, silver dip weighs on Mexico mining output

Mexico’s mining production declined in July, as output dipped across the country’s five main metals.

Overall production was down 2.4%, compared to the same month last year, according to new data from statistics agency Inegi.

Output of gold slipped 4.6% to 6,235kg (200,455oz), with silver dropping 4.4% to 348,357kg.

Copper production was down 1.4% at 39,093t, with lead 1.1% lower at 16,006t and zinc down 0.1% at 35,339t.

July’s 2.4% drop was the first decline recorded in 2022.

Output was up 0.1% in June and 0.6% in May, with rises ranging from 0.7-4.7% in the first four months of the year.

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

Gold mining companies forecast at the beginning of the year a 7.5% drop in combined Mexican output for 2022, in part due to falling grades.

Guidance from 10 of Latin America’s main silver-focused miners – which include many of Mexico’s top producers – showed output declining 4.4% to 140Moz.

SULFUR RISE

Production of sulfur surged 55.2% in July to 26,428t, with coke registering a 16.2% increase to 43,390t.

Gypsum production was up 4.0% at 534,311t, with iron pellets 1.4% higher at 564,598t, non-coking coal up 1.2% to 384,980t and fluorspar rising 1.1% to 78,775t.

In the first seven months of 2022, overall mining output was up 1.3% from the same period last year, with sulfur seeing the biggest rise (78.4%) and coke the biggest drop (down 3.3%).

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals (Mexico)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Santo Tomas
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Maricela
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: El Cobre
  • Current stage: Blurred
  • Updated: 2 months ago

Other companies in: Mining & Metals (Mexico)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Movaloads S. de R.L. de C.V.  (MOVALOADS)
  • Movaloads. is a Mexican company that offers logistics, transportation and construction machinery services. The company provides movement of machinery, relocation of plants, inte...
  • Company: Grupo BAL S.A. de C.V.  (Grupo BAL)
  • Grupo BAL is a diversified business group that has assets in mining (Industrias Peñoles and Fresnillo), the financial services sector (GNP Seguros, Profuturo, Valmex), retail (d...