Why Mexico?
Mexico
Is the Worlds premier Silver Exploration and Mining country for several reasons. It is historically and presently the world’s number one Silver producer. Mexico has a historic production record of over 10 billion ounces of Silver and current annual productionof 100 million ounces a year or more. Most deposits are high grade and amenable to low-cost underground and surface mining.
Opportunities abound in the belt. A mantel of alluvial cover remains virtually untested by modern geophysical and geochemical prospecting techniques. This mantel covers extensive parts of the belt.
Modern ore deposit models indicate that many districts are larger and more complex than previously thought, opening exploration potential to depth or laterally from existing head frames.
Many major districts, until recently covered by a bewildering patchwork of claims, have been consolidated … Opening the potential for applying district scale exploration concepts for the first time in nearly one hundred years. There are even opportunities to assume control of producing (but under explored) mines where exploration can yield immediate mill feed to existing infrastructure.
Politically Mexico is the most stable country in Latin America with favorable tax structures and a strong government commitment to natural resource development.
Mexico radically overhauled a nationalistic mining law structure in 1990-1992 for the express purpose of attracting foreign mining investment… and this has been very successful. This overhaul was accompanied by privatization of virtually all of the Mexican governmental mining holdings and an active retreat from competition with the private sector in mining exploration and development.
Mexico has demonstrated a strong commitment to increasing transparency in all aspects of government… and the regulation of the mining industry is arguably the most successful of these. Foreign companies now compete with Mexican companies on an equal basis.