Mexico Remains a Top Mining Destination: PDAC Experts

Mexico’s participation at the Prospectors and Developers Association of Canada (PDAC) 2024 event was marked by insights from key mining players and state mining hubs focused on Mexico's appeal as a top mining investment destination. In other news, the mining sector is the target of more cyberattacks, mainly attributed to the resurgence of digitalization in the sector. 

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Mexico's Mining Outlook – First Look at MMF 2024 PDAC

Mexico holds a notable position in the global mining sector due to its abundant resources, longstanding mining culture, and untapped potential. Although the industry is among the country's most regulated and socially responsible, it faces ongoing criticism and is often branded as a dirty sector. CAMIMEX, however, has vowed to show the true impact of mining as a social, economic, and well-being driver in Mexico.

Southern Copper Expansion Projects - First Look at MMF 2024 PDAC

Aiming to harness increasing mineral demand, Southern Copper, a subsidiary of Grupo México has been heavily investing in consolidating its Mexican and Peruvian assets with over US$15 billion over the past decade. Its portfolio includes projects such as Buenavista Zinc and Pilares, in Mexico, as well as Tia María, Los Chancas, and Michiquillay in Peru. These projects are part of the company's strategy to increase production capacity and meet the growing demand for minerals.

Durango Mining Outlook - First Look at MMF 2024 PDAC

The Durango government is actively seeking to promote investment in the mining sector to boost its contribution to the local GDP. This development not only stands to benefit the state's economy but also supports the production of essential minerals for the ongoing energy transition.

Sonora Mining Outlook - First Look at MMF 2024 PDAC

Sonora, a prominent mining state, has solidified its position as a national mining leader, accounting for over 30% of Mexico's total mining output, according to 2023 data. With projects nearing the production phase, the state's mining sector is poised to gain strength, opening up more opportunities for companies in the industry. 

Mining Sector Increasingly Targeted by Hackers

The mining sector in Mexico is recognizing the growing significance of cybersecurity, given the rising incidents of cyberattacks in recent years. These attacks have left personnel, projects, and reputations within the industry vulnerable. Consequently, Mexican mining companies are intensifying their investments in cybersecurity measures and expanding their cybersecurity workforce.

Alamos Gold’s Success in Mexico - First Look at MMF 2024 PDAC

While some companies may be transitioning to other metals, Alamos Gold’s full bet on gold has been paying off. In 2023, Alamos Gold reported record gold production of 529,300oz, a 15% increase over the previous year. The increase in production was due to higher production at the company's Mexican asset, the Mulatos District, primarily from residual leach from the Mulatos leach pad. The Mulatos District produced 212,800oz in 2023 driven by the performance of La Yaqui Grande in its first full year of production, showing 58% growth compared to 2022.

Onboard the Health Train: A 10-Year Journey With Dr. Vagón 

Ana Sofía Lanczyner, Head of the Health Direction, Fundación Grupo México, talks about the 10th anniversary of Dr. Vagón, highlighting its impact on healthcare accessibility in Mexico. Offering free medical services to 500 people daily, the clinic's milestone reflects its commitment to excellence and technological advancement. Operating in 18 states, Dr. Vagón continues to expand its services, focusing on prevention and early diagnosis, and collaborating with partners to address women's health needs.