Industry Trend Analysis - Silver Projects To Boost Growth - MAR 2016

BMI View: Mexico ' s silver production will experience solid growth, supported by the country's vast reserves and strong project pipeline. The export-oriented sector will take advantage of growing silver demand from Asia.

Mexico's silver production will post strong growth due to the country's vast silver reserves and major new projects coming online over our forecast period to 2020. The country will comfortably remain the top global silver producer, as we forecast Mexico's silver output to climb from 178 million ounces (moz) in 2016 to 214moz by 2020, averaging 4.5% annual growth.

Project Pipeline To Support Solid Growth

Silver Growth Set To Shine
Mexico - Silver Mine Production (LHS, moz) & Growth (RHS, % y-o-y)
e/f = BMI estimate/forecast. Source: BMI, USGS

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