Plata America

Mexico's Economy

Mexico’s $1.3 trillion economy is one of the largest economies in the world and is a member of the G20 group of wealthy nations. It is ranked the 11th largest economy by purchasing power and ranked 15th by gross domestic product (GDP). Mexico is one of the U.S.’s largest trading partners, being the third largest supplier of imports into the U.S. and the second largest export market, with over $500 billion of trade between the two countries in 2013.

Mexico is considered to be in the upper echelon of middle income countries and following on from the global financial crisis, it has experienced average GDP growth rates of 3.3% for each the five years up to 2014, which is considered to be well below the potential growth rate.

Mexico’s economy has gravitated more towards a manufacturing base over the past twenty years since the signing of the North American Free Trade Agreement (NAFTA). Mexico also has free trade agreements with the European Union, Japan, El Salvador, Guatemala and Honduras, which has resulted in more than 90% of Mexico’s trade falling under these agreements. It is a financially and politically stable country, with excellent transportation and communications infrastructure, and with a workforce that is highly skilled and experienced in the natural resources sector. There are also no restrictions on foreign ownership.

Mexico’s electronics sector has experienced significant growth over the past decade, now representing the sixth largest global electronics sector, behind the United States, China, Japan, South Korea and Taiwan. The sector accounts for 30% of all of Mexico’s exports and has experienced growth rates comfortable in the double figures over the last ten years. Mexico is also the largest automobile manufacturer in North America.

Mexico is the sixth largest oil producer in the world, producing 3.5 million barrels a day. The state owned company in charge of the oil and gas industry, Pemex, is one of the largest companies in the world, with revenues exceeding US$85 billion per year prior to the recent oil price collapse. Mexico is the world’s largest silver producer and a major producer of gold, iron and copper.

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Plata America

About Mexico

The United Mexican States, or Mexico, is one of three countries in North America, alongside Canada and the United States.

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Mexico’s Economy

Mexico’s $1.3 trillion economy is one of the largest economies in the world and is a member of the G20 group of wealthy nations.

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Plata America

Natural Resources

Oil is the country’s most valuable natural resource, but it is also incredibly rich in silver, in which it is the world’s largest producer.

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Plata America

About Silver

Supplying almost 50 percent globally, Mexico, closely followed by Peru and China, are by far the biggest silver producers.

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Silver’s Applications

At the highest classification, silver had three primary uses which account for over 95 percent of global silver demand.

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Plata America

Our Project

Plata America’s La Navarra project is located approximately 50 km to the south west of Zacatecas city, in Zacatecas State, Mexico.

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Plata America

About Us

Plata America is a mining company focused on the exploration, development and production of silver in Mexico’s famous silver belt.

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Plata America

Senior Management

Frank Patterson is a professional geologist with more than 25 years of global experience, mostly in the mining industry.

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