Mexico - Promising Future For Gold
BMI View: We maintain our positive outlook on Mexico's mining sector, given the country's precious metal reserves, favourable regulatory environment, and minimal resource nationalism. Security or political issues should not prevent the sector from growing and attracting foreign investment in the coming years.
Investment in Mexico's mining sector is reported to reach US$7.6bn in 2012, a 36% increase from 2011 and an all-time high. Industry leaders forecast that investment in 2013 will increase even further despite declines in base metal prices. The country's regulatory environment remains favourable to foreign investment, and the President-elect Enrique Pena Nieto is expected to maintain such policies. As the country is a partner within the NAFTA framework, US and Canadian mining firms are likely to continue investment into Mexico. Canada's Goldcorp maintains the largest low-concentration gold mine in Mexico at its Penasquito site.
Exploration Yielding Promising Finds
|Steady Growth Ahead|
|Mexican Mining Industry Value & Growth|