"We're going to be the largest producer of silver in the world, that thanks to Zacatecas, of course, thanks to the growth of the mining industry in the country," said President Calderon, adding that Mexico is also among the top ten gold producers. The comment was sparked by news that the Fresnillo Silver Mine in Mexico is going to see a US$300 Million investment that will produce 10 million ounces of silver and 50,000 ounces of gold in 2015 at its Saucito mine in north-central Mexico.
Global silver demand climbed 15 percent to 1.06 billion ounces last year, the highest level in at least 20 years. Read more on the significance of this huge investment that will change the business landscape of Mexico.
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