Gold Investing News
When it comes to mining, Mexico has been associated predominantly with silver. However, gold has been mined in Mexico for at least 500 years. The country has a history of both commercial production and artisanal production. Mexico is now a major destination for resource companies seeking gold and silver. Despite its very long history of precious metal production, there are still untouched deposits to be discovered in Mexico, many of which have become accessible due to recent improvements in mining technology. Gold exploration and development activity in the state of Zacatecas has increased recently for precisely this reason.
Mexico’s political climate is friendly to mining activity, and there is a ready supply of workers of various skill levels. Costs also tend to be favorable in comparison to other North American countries. All of these factors make Mexico a natural choice for resource exploration companies. Here are four working in the country on exploring, developing and producing gold properties:
GoGold Resources has several gold and silver properties in Mexico. Its Parral tailings project has 35 million ounces of silver equivalent, and the first bar has been poured. Commercial production is expected to begin in the fourth quarter of this year. The Parral Tailings project is in Hidalgo del Parral, Chihuahua, Mexico.