Gold, Silver Prices Reach Record Highs

Gold prices surged to a new all-time high of US$4,079.70/oz this week, while silver reached a 14-year high, as investors sought safe-haven assets amid renewed US trade uncertainty and expectations of interest rate cuts. In other news, Canada-based gold miner Orla Mining produced 57,586oz of gold in 3Q25 at its Musselwhite mine, keeping the company on track to meet its revised 2025 annual production guidance.

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Gold Hits New All-Time High Above US$4,079/oz

Gold prices reached a new all-time high at US$4,079.70/oz, while silver surged to its highest level in 14 years, as investors increased their bets on safe-haven assets. The move was driven by renewed tariff threats from US President Donald Trump against China and growing expectations of interest rate cuts by the Federal Reserve (Fed).

Lacking Mining Regulations Makes Internal Audits Key: Cereceres

Rafael Cereceres, Managing Partner, Cereceres Estudio Legal, says that while legal uncertainty from the 2023 Mining Law reform remains a key concern for the sector, he is optimistic about the new government's openness to dialog. He advises companies to focus on strict compliance with all current obligations and to maintain their existing concessions. This proactive approach, he notes, is the safest path for navigating the current regulatory environment.

Third-Party Expertise Is Key for Successful Audits 

Amadeo Berdou, Managing Director, TÜV NORD Mexico, notes that while ISO standards are not mandatory, they are an effective way for a mining company to demonstrate its commitment to quality, the environment, and occupational health and safety.

Presenting Mexican SMEs With Global Mining Opportunities: Prima
Julio Güemes, Business Development Manager, Prima, considers that while US tariffs are often perceived as a major obstacle to Mexico-US trade, the reality is more nuanced and presents a key opportunity for sophisticated manufacturers. He explains that while raw materials like steel are subject to tariffs, finished manufactured goods such as conveyor belts or flotation cells often fall under different codes, allowing them to enter the United States tariff-free. This distinction, he argues, creates a significant competitive advantage for Mexican SMEs capable of transforming raw materials into value-added equipment.

Orla Mining’s Musselwhite Produces 57,586oz Gold in 3Q25

Orla Mining provided operational updates for 3Q25, stating that the company is on track to achieve its revised annual consolidated production guidance of 265,000-285,000oz of gold. The company said that despite disruptions at its Camino Rojo mine in Zacatecas, it is positioned to achieve the high end of its revised production guidance.