am I missing something-paas has mexico exposure ,cde has Mexican exposure,exk,and first majestic-why all the silence to this event--
Just another reason why the price of silver will have to go higher.
The Mexico royalty tax simply means that if you're going to produce there then you better be the low cost leader. Others will have some difficulty.
Mexico royalty tax means that marginally profitable miners will become firmly unprofitable. This tax can be collected even if companies have GAAP losses.
This tax affects all and any company with mining operations in the country and it also sharply reduces investment interest in mining equities with too big exposure to Mexico.