Results were driven mainly by a 27% output increase at the Guanacevi mine and to a 1% jump at the Bolañitos mine, also in Mexico.

The Biden administration is expected this week to propose the toughest-ever curbs on pollution from new cars and light trucks.

Precious metals are back in the spotlight in 2023 as signs of economic slowdown continue to surface and cause uneasiness among investors, in turn driving up the appeal of safe havens.

A recent federal government report shows that about 7% of Mexico’s mining concessions are located within protected areas.

Talks will focus on finding technological alternatives for informal gold extraction, the interior ministry said.

In January and February, central banks collectively bought a net 125 tonnes of the metal.

For two straight years, the company has exceeded its production guidance at Fruta del Norte.