PRIZ:CC - Is the Panuco District Mexico's New Mining Frontier?

The Mexican state of Guanajuato has many claims to fame. It's the birthplace of the famous muralist Diego Rivera, the heart of Mexico's revolution and the Mexican War of Independence. It is also where the country’s mining sector began, which soon became a global powerhouse, making Mexico the top silver-producing country in the world for twelve consecutive years.

With a rich mining history that spans nearly five centuries, Mexico is home to over 20 mines, 13 of which produce silver . These include MAG Silver's (TSX: MAG ) Juanicipio mine, McEwen Mining’s (TSX: MUX ) El Gallo mine , America Gold and Silver's (TSX: USA ) San Rafael mine and Kootenay Silver's (TSXV: KTN ) Copalito silver-gold project.

The country's mining industry continues to display strong growth, with plans to invest US$5.5 billion by the end of the year , representing a 15.2 percent increase from 2021. This is in spite of a global recession, growing security problems and a recent decision by the government to raise taxes and stop granting concessions.

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