The Peñasquito Polymetallic Mine is the fifth largest silver mine in the world and the second largest in Mexico. It is located in north-eastern corner of the State of Zacatecas and is wholly owned by Newmont. It is an open pit operation which began commercial operations in March 2010, but still managed to produce 13,952,600 ounces of silver that year. Estimated reserves for the Peñasquito Mine are 17.82 million oz of gold, 1,070.1 million oz of silver, 3,214 tons of lead and 7,098 million tons of zinc.
