Mexico's mining output on the rebound
Mexico's mining output increased in January following five months of declines.
Overall output was up 1.9%, compared to the same month of last year, with lead and silver seeing the biggest gains, according to national statistics agency Inegi.
Production in the last five months of 2018 showed monthly declines ranging from 2.6% to 7.7%, with output in full-year 2018 some 3.1% lower than the previous year.
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Lead production increased by 95.3% to 12,756t, with silver up 24.7% at 282,418kg (9.1Moz) and non-coking coal rising 18.8% to 629,478t.
Copper was up 12.8% to 44,752t, with iron pellet output climbing 8.2% to 654,900t and gypsum by 4.6% to 547,065t.
Gold saw the biggest drop, down 16.1% to 6,821kg, followed by coke, down 13.5% to 91,064t, and zinc, down 12.0% to 31,550t.
Sulfur was down 7.5% at 35,171t, with fluorspar falling 4.9% to 58,826t.
Mexico's top gold miners are forecasting roughly flat output in 2019, compared to last year, with silver producers in line for gains, according to company guidance and BNamericas estimates.
Mexico is the world's top silver producer and a top 10 miner of gold, copper, lead, zinc and molybdenum.
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