With revenue surpassing 245 billion Mexican pesos, Americas Mining Corporation was the leading mining company in Mexico in 2021. Industrias Peñoles took in approximately 121 billion pesos, ranking second. The two companies are also among the leading mining companies in Latin America .
Mexican mining giants
As the mining division of conglomerate Grupo México, Americas Mining Corporation is active in the exploration and extraction of gold, silver, and first and foremost, copper. It operates Buenavista del Cobre, the world’s fourth-largest copper mine in 2021. Meanwhile, Industrias Peñoles generates most of its revenue through sales of gold and silver. The Mexico City based firm is the parent company of Fresnillo plc, the leading silver producer globally, and Mexico’s third largest revenue-generating mining company.
Metals: driving the Mexican mining industry
A significant portion of Mexico’s mining production value comes from the extraction of precious metals, with gold being the largest contributor. Although ranking only third in the country in terms of production value, Mexico’s silver production stands out as the world leader when it comes to output. In addition to precious metals, copper has become another important resource for the Mexican mining industry, with copper production more than doubling since 2010.
Leading mining companies in Mexico in 2021, by net revenue
(in billion Mexican pesos)
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Expansión. (June 2, 2022). Leading mining companies in Mexico in 2021, by net revenue (in billion Mexican pesos) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1032019/leading-mining-companies-revenue-mexico/
Expansión. "Leading mining companies in Mexico in 2021, by net revenue (in billion Mexican pesos)." Chart. June 2, 2022. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1032019/leading-mining-companies-revenue-mexico/
Expansión. (2022). Leading mining companies in Mexico in 2021, by net revenue (in billion Mexican pesos). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1032019/leading-mining-companies-revenue-mexico/
Expansión. "Leading Mining Companies in Mexico in 2021, by Net Revenue (in Billion Mexican Pesos)." Statista, Statista Inc., 2 Jun 2022, https://www.statista.com/statistics/1032019/leading-mining-companies-revenue-mexico/
Expansión, Leading mining companies in Mexico in 2021, by net revenue (in billion Mexican pesos) Statista, https://www.statista.com/statistics/1032019/leading-mining-companies-revenue-mexico/ (last visited October 06, 2024)
Leading mining companies in Mexico in 2021, by net revenue (in billion Mexican pesos) [Graph], Expansión, June 2, 2022. [Online]. Available: https://www.statista.com/statistics/1032019/leading-mining-companies-revenue-mexico/