The investment associated with the exploratory project exceeds Bs 271.7 million.

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

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

The company previously estimated capex at US$373mn.

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

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