According to GlobalData, Mexico is the world’s eighth-largest producer of gold in 2023, with output up by 4% on 2022. Over the five years to 2022, production from Mexico increased by a CAGR of 1% and is expected to drop by a CAGR of 4.17% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2030 report. Buy the report here.
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Mexico accounts for 4% of global production, with the largest producers being China, Russia, Australia and Canada.
Leading producers of gold in Mexico are Industrias Penoles, Argonaut Gold, First Majestic Silver, Agnico-Eagle Mines, Coeur Mining and Pan American Silver. During 2020-2021, Industrias Penoles's output was down by 13%, Argonaut Gold's output decreased by 14%, while output from First Majestic Silver increased by 42%.
For more detailed analysis of global gold mining, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
