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Is Mexico’s Road To Recovery Paved In Precious Metals? By Oxford Business Group - Feb 13, 2021, 10:00 AM CST Updated: Feb 13, 2021, 10:00 AM CST
Mining was heavily disrupted last year as a result of Covid-19, with most mines and projects suspended for a number of months, before resuming activity under strict health guidelines.
As a result, overall investment took a significant hit in 2020. According to estimates from the Mining Chamber of Mexico (Cámara Minera de México, Camimex), sector-wide investment fell by around 50% relative to pre-virus estimates, dropping from $5bn to $2.5bn.
However, the industry is set for a rebound this year, with a number of companies announcing increased investment in projects across the country.