SILVER

Bolañitos Mine

Silver was originally discovered by Spanish explorers at La Luz in 1548, and subsequently at Guanajuato in 1552. Guanajuato is considered to be on of the top three historic silver mining districts in Mexico, having produced an estimated 1 to 1.2 billion oz silver and 5 to 6 million oz gold. At their peak during the 1700s, the silver mines of Guanajuato and La Luz were thought to be the largest and richest silver mines in the world. Locateed in the town of Bolaños fits snugly between the river and the rocky cliffs into which the first mine shafts were sunk. Its numerous old stone buildings, often with ornately carved doorways and windows, make it a fascinating place to wander around. Acquired in 2007, located 10 km northwest of the city of Guanajuato this is approximately the second largest historic silver mining district in Mexico and in the same year produced over 30 million ounces of silver as well as some ancillary gold.