Mexico is one of the world’s most attractive mineral exploration and mining jurisdictions. Highlights include:
- 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
- Political and financial stability with North American-style legal and financial systems (Mexico is a member of NAFTA – North American Free Trade Agreement)
- 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 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 and historically has produced more than 40 million ounces of gold and two billion ounces of silver. The province currently hosts dozens of operating precious and base metal mines.
Azure’s flagship project, Alacrán, is located in the northern portion of the Sierra Madre Occidental Province, which also forms part of the Laramide Copper Province. The Laramide is North America’s most prolific copper-producing district, extending from northern Mexico into the southern United States, and forms the second largest concentration of copper deposits in the world. Alacrán is located 15km southeast of the world class Cananea Copper Mine, one of the world’s biggest copper mines which is forecast to produce over 460,000 tonnes of copper in 2016.