According to Metals Focus's Global Gold Yearbook 2026, Mexico will mine 113.5 tonnes of gold in 2025, a decrease of approximately 3% from the previous year's 117.5 tonnes. With this production, Mexico will be among the world's major gold-mining nations.
Other sources, such as the U.S. Geological Survey (USGS), estimate Mexico's yield at 130 tonnes, while News18 puts the figure at 140.3 tonnes.
However, demand for gold jewelry, bars, and coins in Mexico is projected to reach approximately 13.5 tonnes in 2025, while the majority of production is exported, according to data from PesoMXN and Expansión. In other words, with a production of 113.5 tonnes, Mexico is producing more than seven times the demand of its own citizens.
Placed in a global context, the disparity is even more striking. In 2025, demand for gold jewelry and gold bars/coins in India is projected to total 710.9 tonnes, according to the World Gold Council (WGC). Meanwhile, this combined demand in China is estimated at around 791.8 tonnes.