BMI View: Mexico's mining industry will experience solid value growth over the coming years, due astrong project pipeline, low operating costs and rising prices.
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Mexico's mining industry value will see solid growth, supported by low operating costs and a strongproject pipeline, over the next few years. We forecast the country's sector value to increase fromUSD16.3bn in 2017 to USD18.2bn by 2021, averaging 3.0% annual growth.
Mexico will remain the leading global silver producer, with production growth accelerating over our
forecast period to 2021 on the back of a strong project pipeline. We expect the country's silver outputto increase from 188 million ounces (moz) in 2017 to 227moz by 2021, averaging 4.8% annual growth.