Mining in Mexico: Poised for a Rebound
Mexico’s mining industry has been thriving in the last few years, and investment in new projects has been continuing at a strong pace even with the sell-off in commodity markets. A major silver producer since the days of colonial rule when Guanajuato and Taxco became the jewels of the Spanish Empire, Mexico has consolidated its position as the number one producer of the precious metal. Fresnillo Plc, which in 2008 was spun off from Industrias Peñoles and listed on the London Stock Exchange, is Mexico’s biggest silver producer, thanks mainly to its massive Fresnillo and Saucito mines.