Top Mexican miners, Grupo México, Industrias Peñoles, Fresnillo and Minera Frisco owe almost US$180 million in mining royalties for 2015. According to Mexico’s tax authority (SAT), GMéxico and Fresnillo paid below government estimates while Frisco and Peñoles paid no royalties in 2015.
Alio Gold, formerly Timmins Gold, officially began trading under […]Read more... →
The week was dominated by a flurry of 1Q17 reports from miners operating in Mexico. Here are the highlights:
Fresnillo announced strong 1Q17 results, with silver production rising over 10 percent during the first quarter, while gold miner Agnico Eagle managed to triple profit during the same period. Vancouver-based New Gold […]Read more... →