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June 3, 2022updated 15 Jun 2022 9:21am

Five largest silver mines in Mexico in 2021

By Carmen

Here are the five largest silver mines by production in Mexico, according to GlobalData’s mining database.

1. Penasquito Mine

The Penasquito Mine is a surface mine located in Zacatecas. It is owned by Newmont and produced an estimated 31,375 Thousand Ounces of silver in 2021. The mine will operate until 2032.

2. San Julian Project

Located in Chihuahua, the San Julian Project is owned by Industrias Penoles Sde CV. The underground mine produced an estimated 16,772 Thousand Ounces of silver in 2021. The mine will operate until 2024.

3. Santa Elena Mine (Mexus Gold)

The Santa Elena Mine (Mexus Gold) is located in Sonora. It is owned by Mexus Gold and produced an estimated 14,812 Thousand Ounces of silver in 2021.

4. Saucito Mine

The Saucito Mine, owned by Industrias Penoles Sde CV, is an underground mine located in Zacatecas. The mine produced an estimated 12,439 Thousand Ounces of silver in 2021. The mine will operate until 2025.

5. Fresnillo Mine

Owned by Industrias Penoles Sde CV, the Fresnillo Mine is an underground mine located in Zacatecas. It produced an estimated 11,986 Thousand Ounces of silver in 2021. The mine will operate until 2027.

Methodology: This information is drawn from GlobalData’s mines and projects database, which tracks all operating and developing mines and projects globally. Verdict’s parent company GlobalData provides business information to 4,000 of the world’s largest companies.

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