1. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
Part 2 of 2
I MINING INDUSTRY ECONOMIC INDICATORS
II MEXICO’S MINERAL POTENTIAL
III MINES OPENED IN 2009, 2010 AND 2011
IV ADVANCED PROJECTS
VI WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY?
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2. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
METATES Durango Open pit Au, Ag Chesapeake Gold 3,160
EL ARCO BCS Open pit Cu, Au Grupo México 1,500
EL BOLEO BCS Open pit Zn, Ag Baja Mining Corp 1,100
BAHUERACHI Chihuahua Open pit Cu, Co, Zn Jinchuan-Tyler 619
TERRAZAS Chihuahua Open pit Zn, Cu Constellation 500
BUENA VISTA Sonora Open pit Zn, Cu Grupo México 500
LA VERDE Michoacán Open pit Cu Teck-Cominco 250
EL CRESTON Sonora Open pit Mo, Cu Creston Moly Corp 200
IXHUATAN Chiapas Open pit Au Linear Gold/KinRoss 200
SIERRA MOJADA Coahuila Open pit Zn Metalline 250
SAN NICOLAS Zacatecas Open pit Zn, Cu, Pb Teck-Gold corp 246
MINA EL PILAR Sonora Open pit Cu Stingray Copper Inc 186
LAS MERCEDES Sonora Open pit Au Yamana Gold 152
MORELOS NORTE Guerrero Open pit Au, Ag Torex Gold resources 150
EL GALLO Sinaloa Open pit Ag, Au US Gold 149
SAN ANTON Guanajuato Open pit Au, Ag, Cu Cerro Resources 82
NOCHE BUENA Sonora Open pit Au, Ag Fresnillo Plc 68
TOTAL 9,294
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3. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
I MINING INDUSTRY ECONOMIC INDICATORS
II MEXICO’S MINERAL POTENTIAL
III MINES OPENED IN 2009, 2010 AND 2011
IV ADVANCED PROJECTS
V WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY?
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4. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
WORLDWIDE EXPLORATION BUDGETS
20
18.2
18
16
14
12.60 12.10
Billion US Dollars
12
10.50
10
8 7.13 7.32
6
4.90
4 3.55
2.19
2
0
2003 2004 2005 2006 2007 2008 2009 2010 2011
According
to
Metals
Economics
Group's
of
“Corporate
Explora:on
Strategies”,
worldwide
nonferrous
explora:on
budgets
keep
on
growing.
Source: Metals Economics Group; World Exploration Trends 2012
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5. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
EXPLORATION BY REGION 2011
Pacific Islands 5 %
Pacific/ Southeast
USD $ 18.2 BILLION
Asia, 6%
United States, 8%
Latin America,
26%
Latin America
25 %
Australia, 13 %
12%
Africa, 15%
Canada, 18%
Rest of the World,
15%
Latinoamérica remains the favourite destination for investment in mining exploration
Source: Metals Economics Group
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6. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
EXPLORATION BUDGETS OFTHE TOP TEN COUNTRIES 2011
USD $ 18.2 BILLION
3% 18%
8%
4%
6%
2%
5% 3%
12%
5%
Others countries 31%
Source: Metals Economics Group
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7. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
FOREIGN COMPANIES: MINING EXPLORATION PROGRAMS
300 286 288
257 262
250
214
204
Companies
200
162 168
156
150
101
100
74
50
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Ministry of Economy (General Bureau of Mining Promotion).
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8. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
Holland 1 0.35%
Spain 1 0.35%
MEXICAN COMPANIES FUNDED BY FOREIGN
Italy 1 0.35% CAPITAL 2011
Chile 1 0.35%
Luxembourg 1 0.35%
Belgium 1 0.35%
Peru 2 0.69%
India 2 0.69%
United… 3 1.04%
Korea 4 1.39%
Japan 4 1.39%
Australia 6 2.08%
China 8 2.78%
USA 46 15.47%
Canada 207 71.88%
0 50 100 150 200 250
Source: Ministry of Economy (General Direction of Mining Promotion).
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9. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
806 MINING PROJECTS FINANCED WITH FOREIGN CAPITAL BY MINERAL
IRON, 46, 6% OTHERS, 23, 3%
POLYMETALLIC,
135,
17%
GOLD AND
SILVER, 504, 62%
COPPER, 98, 12%
Source: Bureau of Mining Promotion; 2010 data
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10. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
Economic Political Economic 2010
Rank Country Security Permission Corruption Tax Total
System System Stability vs 2011
1 Australia 9 8 8 8 10 9 5 57 -4
2 Canadá 9 9 4 4 10 9 7 52 -4
3 Chile 9 9 7 6 8 8 4 51 +2
4 Brasil 7 8 5 5 5 9 6 45 +3
5 México 8 8 2 7 6 6 7 44 -1
6 USA 8 9 3 1 10 7 3 41 -1
7 Colombia 6 7 6 6 5 5 4 39 0
8E Botswana 6 5 5 5 5 5 6 37 +1
8E Perú 6 6 4 4 5 7 5 37 +4
10E Ghana 6 5 2 6 3 6 6 34 -2
10E Mongolia 6 6 5 5 2 6 4 34 -2
Source: Behre Dolbear 2011 Ranking of Countries for Mining Investment
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11. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
! TORONTO STOCK EXCHANGE AND TSX VENTURE EXCHANGE HOLD 58%
OF THE WORLD’S PUBLIC MINING COMPANIES, WITH A CAPITAL VALUE OF
14.0
$563 BILLION CANADIAN DOLLARS
12.5
12.0 ! TSX AND TSXV RAISE 60% OF THE WORLD’S MINING EQUITY CAPITAL
WITH 1,178 COMPANIES LISTED, OF THOSE, 210 OPERATE IN MEXICO
(14%)
$ BILLION C$B
10.0
8.0
6.0 5.3
4.3
4.0
2.7
1.9
2.0 1.5
0.96 0.53
0.0
TSX TSXV LSE+AIM ASX
ASX Hong Kong NYSE JSE Others
Source: Gamah International; compiled by TMX Group.
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12. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
Africa: Europe: Russia & CIS Countries: USA:
TSXV: 109 Companies TSXV: 56 Companies TSXV: 16 Companies TSXV: 258 Companies
TSX: 71 Companies TSX: 30 Companies TSX: 15 Companies TSX: 103 Companies
180 86 31 361
Canada:
TSXV: 782 Companies
TSX: 176 Companies
958
Central America
& Caribbean:
TSXV: 30 Companies
TSX: 20 Companies
50
India/Asia: Australia: Mexico: South America:
TSXV: 66 Companies TSXV: 141 Companies
TSXV: 39 Companies TSXV: 197 Companies
TSX: 44 Companies TSX: 59 Companies
TSX: 48 Companies TSX: 86 Companies
110 210
87 283
Source: TSX Annual Report 2010
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13. PROSPECTORS & DEVELOPERS ASSOCIATION OF
CANADA
March 4–7, 2012. Toronto, Canada
Mexico’s legal security, strong economics and stable political system are a
guarantee for safe investments
Mexico is 1st in Latin America and 4th worldwide in the list of the 10 top recipient
countries of global exploration investments, as indicated by the 2011 Metals
Economics Group´s “Corporate Exploration Strategies” analysis
Mexico is ranked in the 5th position, just after Canada, Australia, Chile and Brazil,
as lower risk countries, according to the 2011 Behre Dolbear Group´s, “Ranking of
Countries for Mining Investment” study, emphasizing the fact that Mexico has the
most convenient mineral tax regime.
As mining destination, Mexico is the third most attractive country for the Toronto
Stock Exchange investors, where 58% of the public world mining companies
quote. After Canada and USA, Mexico holds 210 listed companies in the TMX which
represents 75% of the entire companies operating in Latin America.
In the past 4 years, an average of 5 new major scale mining projects have been
brought into production every year.
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14. Thank you