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According to the World Silver Survey 2018, Mexico led the world in silver production in 2017, generating 196 million ounces of the precious metal. That was a 10 million ounce increase over 2016.

The country has a long history of silver mining, with some mines in continuous production for over 400 years. However, there’s a growing belief in the silver mining industry that the easy deposits of silver (and gold) have been discovered in Mexico.

In order to find the next generation of silver mines in the country, explorers will have to employ modern deposit-hunting techniques in their search for increasingly elusive orebodies.

One explorer, Prospero Silver Corp. (TSX.V: PSL), is laser-focused on finding those hidden deposits within the Altiplano region that has played host to many of Mexico’s biggest precious metal mines. The company is taking a scientific approach to finding deposits in this part of the world. The company’s Executive Vice President of Business Development Ralph Rushton noted, “We believe you need to take this kind of approach to find the next generation of orebodies, which are likely to be totally buried, or blind, as we say.”