Gold production in Mexico has experienced various fluctuations over the past decade. From 2013 to 2023, the production saw a high of 167.38 Thousand Kilograms in 2023. The gold production sharply declined in 2020 by -13.91%, only to rebound significantly in 2021 with a 30.96% increase. Although the year-on-year growth rate dropped to -1.59% in 2022, it exhibited a steady rise of 3.16% in 2023. The CAGR over the past five years stood at 3.54%.

Future trends to watch for:

The forecasted growth of 2.32% CAGR from 2024 to 2028, indicating a steady but modest increase in production.
Technological advancements in mining that could enhance efficiency and output.
Potential regulatory changes and their impact on the mining industry.
Global gold prices and their influence on production decisions.