The Peñasquito Polymetallic Mine is the fifth largest silver mine in the world and the second largest in Mexico. It is located in the northeastern corner of the State of Zacatecas and is wholly owned by the Canadian company Goldcorp through a Mexican subsidiary, Minera Peñasquito, S.A. de C.V. It is an open pit operation which began operations in March 2010, but still managed to produce 13,952,600 ounces of silver that year. Estimated reserves for the Peñasquito Mine are 15.69 million oz of gold, 911.8 million oz of silver, 2.63 million tons of lead, and 6.3 million tons of zinc.
