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Although metal prices are at historic highs, FDI has fallen in comparison with 1Q21.
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The company found significant silver equivalent mineralization, which if proven viable, will boost its production.
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Mining companies assuring production growth in Mexico include Fresnillo, Altaley Mining, SilverCrest Metals, Southern Copper and Orla Mining.
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The current state of the country shows challenges faced by mining companies but also the great business opportunities.
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According to the Silver Institute, the country produces almost 25 percent of the silver in the world thanks to new developing projects.
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According to the company, it has never used underground water because of its closed-circuit system.
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An armed group stole 20 containers with shipments of gold, silver, zinc and televisions in Manzanillo, Colima.
View from the Top
Felipe Ibarra
Deputy Minister of Promotion and Economic Competitiveness
Sinaloa Ministry of Economy
https://www.linkedin.com/in/felipe-ibarra-r-68290078/
Ibarra says Sinaloa’s many unexplored concessions and its open economy make the state a great mining jurisdiction.
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Torex is financially, socially and technically well positioned for a smooth transition from ELG's open pit to ML's underground operations.