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Ideal Time for Facts

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 By Michael Miller

05/05/2017  9:48AM

Gold mining in Mexico has a 500 years history of both commercial and artisan production. Today, gold and silver account for more than 50 percent of the country’s total metals output.

Over the last decade, gold production in Mexico stayed relatively stable; however, an uncertain gold price environment limited new mines openings in recent years. Most mining companies operating in Mexico focused on reducing costs and improving capital management. In 2016 gold output dropped from 135 MT to 125 MT. The decline, which was one of the country’s biggest, was partly due to harder and lower-grade ore types available.

One problem is that relatively little exploration is taking place. Last year, spending on exploration and development declined for the fourth year in a row to reach a 10-year low of $483 million. Mining in Mexico is a significant employment industry and valuable as an export producer of gold, silver and copper in that order. Expect it to continue.
 By abboseo

03/25/2017  11:52PM

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 By cw3343

02/02/2017  5:34PM

Some good comments/info in the post below.

One thing they did not mention was the current strength of the US $, and the fact that it may become weaker (Trump has alluded that he would like a weaker USD - this helps any USA company that exports goods/services to countries who pay in other currencies). If the USD weakens, then that should be good for the price of gold (and other commodities in general). I do not want to get into it here, but there is usually an inverse relationship between the strength of the dollar and the price of gold/commodities. One of many caveats however, is the Federal Reserve Open Market Committee. If they continue to raise the federal funds target rate, a result should be a stronger US dollar. The USD is the reserve currency of the world, and will be for the foreseeable future. It's strength or weakness should have some effect on spot gold prices.

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