According to GlobalData, Mexico is the world’s seventh-largest producer of gold, with output of 4,457koz in 2022, up by 4% on 2021. Over the five years to 2021, production from Mexico decreased by a CAGR of 1.11% and is expected to drop by a CAGR of 2.11% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2026 report. Buy the report here.

Mexico accounts for 4% of global production, with the other largest producers being China (11%), Australia (10%), Russia (8%) and Canada (7%).

Leading producers of gold in Mexico are Industrias Penoles, Agnico-Eagle Mines, Argonaut Gold, First Majestic Silver, Coeur Mining and Minera Frisco. Industrias Penoles's output was 811.99koz in 2021, down by 1% on 2020. Agnico-Eagle Mines produced 325.64koz, an increase of 20%, and output from Argonaut Gold was 204.35koz, an increase of 37% on the previous year.

For more detailed analysis of global gold mining, buy the report here.


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.