mine · Mexico
Penasquito
The largest silver-producing mine in Mexico, with gold, lead and zinc co-products.
OperatingProductionProject score 74
Operator
Independent
Country
Mexico
Mine life
10 yrs
Capex
—
Profile
Resource, economics and jurisdiction
- Resource
- Large polymetallic resource.
- Production
- A leading global silver producer alongside significant gold output.
- Economics
- Polymetallic credits keep silver cost of production low.
- Infrastructure
- Established grid power and road access.
- Jurisdiction
- Moderate risk
- Ownership
- Newmont 100%
- Region
- Zacatecas
Overview
What this asset is
The largest silver-producing mine in Mexico, with gold, lead and zinc co-products.
Methodology
Earthern Project Score 74
Version v0.1
- Resource Quality
- 79 (weight 1.2) — Grade, continuity and metallurgical complexity of the resource.
- Project Scale
- 77 (weight 1) — Annual output potential relative to the global market for its primary mineral.
- Development Stage
- 71 (weight 0.9) — How far the asset has advanced toward or through production.
- Jurisdiction
- 77 (weight 1.1) — Political stability, permitting predictability and rule of law.
- Infrastructure
- 76 (weight 0.9) — Access to power, water, transport and processing capacity.
- Economics
- 69 (weight 1.2) — Cost position and margin resilience through the price cycle.
- Strategic Importance
- 82 (weight 1) — Relevance to national critical mineral strategies and allied supply chains.
- Supply-Chain Value
- 73 (weight 1) — Whether the asset relieves a genuine downstream bottleneck.
- Sustainability
- 73 (weight 0.9) — Carbon intensity, water use, tailings approach and community standing.
- Execution Risk
- 72 (weight 1) — Technical, financing and schedule risk to reaching nameplate output. Higher is lower risk.
Materials