The Mexican government proposed last month reforms to the sector.

Grupo Mexico is one of the world's largest copper miners.

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

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.

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

Without adequate supplies of battery metals, the goal of net-zero carbon emissions by 2050 cannot be reached.

The company recently delivered an updated resource estimate for the Avino property.