Mexico’s mining industry expects total investment to reach US$6.4 billion in 2026, up 30.8% from US$4.9 billion in 2025, according to the Mexican Mining Chamber (Camimex). The increase will be driven mainly by mine expansions, maintenance spending and equipment purchases. Mexico is one of the world’s leading silver producers and an important supplier of copper, gold and zinc. Major mining companies operating in the country include Grupo Mexico, Industrias Peñoles, Fresnillo, Torex Gold, First Majestic Silver, Agnico Eagle and Alamos Gold. Camimex noted that actual mining investment in 2025 totaled US$4.9 billion, below its initial estimate of US$5.31 billion. For 2026, maintenance is expected to account for the largest share of investment at US$1.11 billion, followed by project expansions at US$976 million and equipment purchases at US$835 million. The industry believes the rebound in investment will support mine development, sustain production at existing operations and help meet long-term demand for metals driven by infrastructure, manufacturing and the energy transition.

Grupo Mexico expects the global copper market to remain in a slight deficit in 2026, supported by a resilient U.S. economy and growing demand from decarbonization technologies, artificial intelligence and electric vehicles, according to Leonardo Contreras, head of the company's mining division. The company said current supply and demand fundamentals point to a tight copper market, with demand continuing to strengthen across energy transition, AI infrastructure and EV applications. Grupo Mexico also reported a 79% year-on-year increase in second-quarter net profit, driven by stronger copper prices.

Grupo Mexico reported a nearly 79% year-on-year increase in Q2 net profit to US$2.20 billion, supported by a 30.5% rise in copper prices. Q2 copper output fell 3.7% to 257,537 tonnes, while the company maintained its 2026 copper production guidance of 1.034 million tonnes. Grupo Mexico also raised US$1.25 billion through a 10-year bond issue to fund the Tia Maria copper project in Peru, which was 42% complete at the end of Q2.

[Zinc Concentrate Production Information] Grupo Mexico released its Q4 2025 report. Its zinc concentrate production for the quarter was 46,200 mt, up 7% YoY. Full-year 2025 zinc concentrate production totaled 176,900 mt, up 36% YoY, primarily benefiting from the operation of the Buenavista zinc mine.

Grupo Mexico, one of the world’s largest copper producers, nearly doubled its fourth-quarter net profit on higher metals prices and stronger volumes, it said on Tuesday, more than offsetting weaker infrastructure results tied to suspended oil platforms and foreign-exchange headwinds.

[SMM Analysis:Overview of Q3 Copper Production of the Top 20 Global Mining Companies in 2025] According to SMM statistics, the copper production of the world's top 20 mining companies in the third quarter of 2025 was 3,455 kt, a decrease of 4.1% quarter-on-quarter and 6.5% year-on-year. The copper output of individual mining companies saw a significant decline in the third quarter, due to a sharp increase in production-side disruptions in the first three quarters.