Mexican Mining Output Down 4.6% in February 2025

Mexican mining production contracted 4.6% in February 2025 when compared to January, reports INEGI. Despite mixed results, Zacatecas stood out as the largest producer of gold, silver, lead, and zinc. In other news, shifting global dynamics in global markets are benefiting mining companies with operations in Mexico, as leading analysts raise their price targets for Torex Gold, MAG Silver, and First Majestic Silver.

Ready for more? This is your Weekly RoundUp! 

Mining Production Contracts 4.6% in February, Zacatecas’ Grows  

Mexico’s mining output contracted 4.6% in February 2025 when compared to January, reports INEGI. The institute notes that Zacatecas remains the top producer of gold, silver, lead, and zinc, showing double-digit growth across the four of them. 

Silver Tiger Secures US$10.8 Million for El Tigre

Canada-based silver-focused mining company Silver Tiger Metals announced the closing of a common share bought deal offering, resulting in over CA$15 million (US$10.8 million). The company will use the resources to fund the development and exploration of its El Tigre project in Sonora. 

Steel, Aluminum, Auto Tariffs Dominate Sheinbaum-Trump Call

President Claudia Sheinbaum announced that during a recent call with US President Donald Trump on April 16, they discussed the imposition of tariffs on Mexican exports of steel, aluminum, and automotive products. Sheinbaum stated that while no final agreements were reached, Mexico presented strong arguments to defend its industrial sector.

Lower Grades, Weather Hit Sierra Metals’ Bolivar Mine Output

Sierra Metals reported production results for 1Q25 from the Yauricocha mine in Peru and the Bolivar mine in Chihuahua. The company reported a significant decrease in Bolivar operations due to maintenance, lower grades, and unfavorable weather conditions. 

Mining Projects Attract Investor Confidence

Investor confidence is climbing for Mexican precious metals miners as leading analysts raise their price targets for Torex Gold, MAG Silver, and First Majestic Silver, highlighting the sector’s strategic value and strong upside potential amid shifting global markets.