Mexico mining industry sees investment jump in 2026 as firms expand projects, buy equipment
03/08/2026 21:26
MEXICO CITY, Aug 3 (Reuters) - Mexico's mining industry
expects investment to rebound sharply in 2026, driven by
spending on mine expansions, maintenance and equipment
purchases, industry group Camimex said on Monday.
* The Mexican Mining Chamber (Camimex) forecast total mining
investment of $6.4 billion this year, up 30.8% from the $4.9
billion invested in 2025, as major operators step up spending
after a weaker-than-expected year.
* Mexico is one of the world's top producers of silver and
an important source of copper, gold and zinc. Large miners
operating in the country include Grupo Mexico GMEXICOB.MX ,
Industrias Penoles PEOLES.MX , Fresnillo FRES.L , Torex Gold
TXG.TO , First Majestic Silver, Agnico Eagle and Alamos Gold.
* Camimex said investment in 2025 totaled $4.90 billion,
below an initial estimate of $5.31 billion.
* The industry's largest spending category in 2026 is
expected to be maintenance, at $1.11 billion, followed by
project expansions at $976 million and equipment purchases at
$835 million.
* The projected increase would mark a return to growth for
the sector as companies advance development plans and seek to
sustain production at existing operations amid strong long-term
demand for metals linked to infrastructure, manufacturing and
the energy transition.
(Reporting by Noe Torres; Writing by Kylie Madry; Editing by
Alistair Bell)
((mailto:noe.torres@thomsonreuters.com;))