May 22 2013
Will Mexico’s New Royalty Drive Away Foreign Investment? – Gold Investing News
A new 5-percent mining royalty tax passed by the Mexican Congress in April is sending a chill through the country’s mining sector, especially in light of the recent pullback in precious metals prices. Mexico, an important destination for mining and exploring for gold and silver , is one of the few mining jurisdictions left in the world that does not charge a royalty on mining production or profits. Instead, companies pay fees based on the number of hectares covered by mining concessions; they also pay 30-percent income tax
Recent Comments