Of the quarterly total, 92,242oz was produced as concentrate and 47,191oz as doré, the company reported in a statement.

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Expansion works at the nine terminals, operated by private sector companies, are likely to begin in the second half, according to the government.

The new estimate is included in an environmental impact assessment that Pemex submitted to Mexico's environment ministry this month.

The company previously estimated capex at US$373mn.

Companies operating in Chile, Brazil, Mexico and Argentina provide updates.

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