Mexico is one of the world’s most attractive mineral exploration and mining jurisdictions due to:
- Long term mining history of >500 years;
- Well-established mining culture leading to strong government, bureaucratic and public support for mining;
- Skilled and experienced workforce accessible and readily available;
- Low sovereign risk with first-world mining law providing strong security of mineral rights;
- Attractive commercial environment, with low taxation rates relative to other Latin American mining jurisdictions;
- Foreign companies, foreign ownership and repatriation of capital allowed.
For more than 500 years the Sierra Madre Occidental (SMO) mineral province in central and northern Mexico has been a prolific and important producer of silver, gold, copper, lead, zinc and other minerals. One of the world’s premier mining regions, it accounts for the majority of Mexico’s silver and gold production, historically producing more than 40 million ounces of gold and two billion ounces of silver.
The SMO overlaps with the Laramide Copper Province which extends from Arizona into northern Mexico. The Laramide is North America’s most prolific copper-producing district and forms the second largest concentration of copper deposits in the world.