According to GlobalData, there are over 2290 underground mines in operation globally, of which 241 are in South and Central America. GlobalData tracks and profiles over 33,000 mines and projects from early exploration to closure, across more than 150 countries and more than 100 commodities. Buy the latest mine-site profiles here.

The following are the ten largest underground mining projects by production in South and Central America in 2022, according to GlobalData’s mining database.

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1. Retamas Mine

The Retamas Mine is a gold mining project in La Libertad, Peru. The greenfield project is owned by Minera Aurifera Retamas. The mine produced an estimated 8.24Mt of ROM in 2022. Buy the profile here.

2. Cerro Lindo Mine

The Cerro Lindo Mine is a silver mine owned by Votorantim. Located in Ica, Peru, the greenfield mine produced approximately 6.26Mt of ROM in 2022. The expected mine closure date is 2029. Buy the profile here.

3. Cerro Rico Mine

Located in Potosi, Bolivia, the Cerro Rico Mine is a silver mining project owned by Corporacion Minera de Bolivia.

The brownfield mine produced an estimated 5.73Mt of ROM in 2022. Buy the profile here.

4. San Julian Project

The San Julian Project is a silver mine located in Chihuahua, Mexico. Owned by Industrias Penoles Sde CV, the greenfield project produced an estimated 3.41Mt of ROM in 2022.

The San Julian Project will operate until 2030. Buy the profile here.

5. Tayahua Mine

Owned by Minera Frisco Sde CV, the Tayahua Mine is a silver mine situated in Zacatecas, Mexico.

The ROM production at the mine produced was approximately 3.33Mt of ROM in 2022. Buy the profile here.

6. Santa Elena Mine (Mexus Gold)

The Santa Elena Mine (Mexus Gold) is a silver mining project in Sonora, Mexico. The greenfield project is owned by Mexus Gold. The mine produced an estimated 3.24Mt of ROM in 2022. Buy the profile here.

7. Velardena Project

The Velardena Project is a silver mine owned by Industrias Penoles Sde CV. Located in Durango, Mexico, the greenfield mine produced approximately 2.84Mt of ROM in 2022. The expected mine closure date is 2038. Buy the profile here.

8. Verdinho Mine

Located in Santa Catarina, Brazil, the Verdinho Mine is a coal mining project owned by Carbonifera Criciuma. The mine is expected to operate until 2025.

The greenfield mine produced an estimated 2.63Mt of ROM in 2022. Buy the profile here.

9. Jacobina Mine

The Jacobina Mine is a gold mine located in Bahia, Brazil. Owned by Pan American Silver, the brownfield project produced an estimated 2.59Mt of ROM in 2022.

The Jacobina Mine will operate until 2035. Buy the profile here.

10. Marcapunta Norte Mine

Owned by Compania De Minas Buenaventura SAA, the Marcapunta Norte Mine is a silver mine situated in Pasco, Peru.

The ROM production at the mine produced was approximately 2.55Mt of ROM in 2022.

For more details on the latest mine sites, buy the latest mine-site profiles 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.