There are more than 757 silver mines in operation globally, of which 100 are in Mexico, according to GlobalData’s mines and projects database. The following are the five largest silver mines by production in Mexico in 2023, according to GlobalData’s mining database, which tracks more than 33,000 mines and projects from early exploration to closure across more than 150 countries and over 100 commodities. Buy the latest mine-site profiles here.

1. Penasquito Mine

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The Penasquito Mine is a surface mine located in Zacatecas. It is owned by Newmont and produced an estimated 20.68 million ounces of silver in 2023. The mine will operate until 2032. Buy the profile here.

2. Juanicipio Project

Located in Zacatecas, the Juanicipio Project is owned by Industrias Penoles Sde CV. The underground mine produced an estimated 14.89 million ounces of silver in 2023. The mine will operate until 2034. Buy the profile here.

3. San Julian Project

The San Julian Project is located in Chihuahua. It is owned by Industrias Penoles Sde CV and produced an estimated 13.59 million ounces of silver in 2023. The mine will operate until 2027. Buy the profile here.

4. Fresnillo Mine

The Fresnillo Mine, owned by Industrias Penoles Sde CV, is an underground mine located in Zacatecas. The mine produced an estimated 13.32 million ounces of silver in 2023. The mine will operate until 2027. Buy the profile here.

5. Saucito Mine

Owned by Industrias Penoles Sde CV, the Saucito Mine is an underground mine located in Zacatecas. It produced an estimated 11.6 million ounces of silver in 2023. The mine will operate until 2029. Buy the profile 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 Mining Intelligence Center 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.