Silver Institute says the global silver market was undersupplied by 237.7 million ounces in 2022, “possibly the most significant deficit on record.”

The reforms would require miners to give back at least 10% of profits to communities and disclose the impacts of their operations.

This marks the first time in over 40 years that there has been land access to the mine site.

The London-listed company reported an adjusted core profit of $249.6 million as compared to $382.8 million it reported last year.

Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces.

The Terronera project will have an initial capital expenditure cost of $230 million, a 32% rise over the previous estimate.

Investors—particularly metals and mining investors—could be looking at a once-in-a-generation investment opportunity.

The head of Mexico's mining chamber issued a stark warning against the proposal, saying it could cost the country up to 420,000 direct jobs.