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In 2016, Fortuna acquired the development-stage project, and poured first gold in October 2020. In 2023, the mine produced 101,238 ounces of gold. [13] The San Jose Mine is an underground silver-gold mine located in the state of Oaxaca in southern Mexico and began commercial production in September 2011.
Gold filigree is an important trade in Chiapas, often made with local amber. [20] Fine gold and silver wire is used by craftsmen in Oaxaca, Yucatán, Guerrero and Chiapas to create earrings, necklaces and bracelets with intricate designs. [1]
Mining has traditionally been important to the economy and history. Hernán Cortés sought and received the title of the Marquis of the Valley of Oaxaca in order to claim mineral and other rights. [8] Currently coal, salt, chalk, petroleum, marble, lime, graphite, titanium, silver, gold and lead are still extracted.
Cathedral of Oaxaca. Very soon after the fall of Tenochtitlan (Mexico City), Spaniards arrived in Oaxaca. Moctezuma II had informed Hernán Cortés that the area had gold. [1] In addition, when Zapotec leaders heard about the Spanish conquest of the Aztec Empire, they sent an offer of an alliance. [2]
An artisan working with gold. The gold rush to Oaxaca started after Montezuma told the Spanish conquistador Hernán Cortés that he obtained his gold from Oaxaca. [75] Cortés wasted no time in sending troops to conquer Huaxyacac as the Aztecs, or more correctly the Mexicas, called the area of present-day Oaxaca.
Turquoise mosaic mask. Mixtec-Aztec, 1400–1521 AD. The Mixtecs (/ ˈ m iː s t ɛ k s, ˈ m iː ʃ t ɛ k s /), [3] or Mixtecos, are Indigenous Mesoamerican peoples of Mexico inhabiting the region known as La Mixteca of Oaxaca and Puebla as well as La Montaña Region and Costa Chica Regions of the state of Guerrero.
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Mexico is the world's largest producer of silver and a globally significant producer of gold, copper and zinc. In 2020, Mexico produced the world's 12th largest volume of minerals by value. Since 2018, Mexico's left-wing president has been taking a firmer stance towards mining companies and reforming mining regulations.