A continuous monitoring of the Cerro Prieto geothermal field was carried out from August 1994 to December 1995 to investigate the seismicity of tectonic origin and the seismicity triggered by exploitation activities. Hypocenters for 148 events were located mainly around the northern end of the Cerro Prieto fault and within the geothermal zone. The estimated focal depths range mostly from 1 to 6 km, for earthquakes with magnitudes from 0.5 to 4.6. It was difficult to distinguish between natural and triggered seismicity. We observed a single case of an earthquake for which a correlation in time and space seems plausible with a sharp increase of fluid injection in a well located at less than 1 km from the epicenter. Fault plane solutions of 26 events with magnitudes between 2.8 and 4.6 indicate right‐lateral strike‐slip motion for earthquakes that occur near the Cerro Prieto and Imperial faults. Inside the geothermal zone, events with normal components of motion were recorded, as expected from the extensional stress regime of the pull‐apart basin laying between both faults.