Mexico invests $3.4B in gold mining megaprojects to boost output

Mexico's government is allocating $3.4 billion to eight strategic mining projects, including Media Luna in Guerrero and developments in Sonora and Chihuahua, targeting over 489,000 ounces of annual gold production. This marks a significant state-backed push to expand precious metals extraction, though execution and environmental risks remain. The move could strengthen Mexico's position in global gold supply, with implications for commodity markets and regional investment.