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Pan American Silver Corp. Message Board

  • president_abe president_abe Oct 14, 2013 1:54 PM Flag

    Every Single PAAS Mine Is In A Politically Risky Country

    how does mgt sleep at might knowing that they could wake up one morning & all their production assets could be nationalized. Extremely risky company.

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    • dcpayne1 Oct 15, 2013 3:36 PM Flag

      Especially worrisome are all mines in the USA... Obie is killing coal and oil... all mining will be next.. got to get rid of all refineries, and never build another nuclear power plant.. WE CAN MAKE THE US a 3rd world nation without borders... but it's going to take a couple of more years.

      Sentiment: Strong Buy

    • It is difficult to find a country that would not be considered as politically risky for mining. All countries consider miners as the best targets for shearing. Moreover, governments change and, usually, changes are either neutral (new ‘pro-business’ government keeps mining regime intact) or negative (new ‘progressive’ government hits miners with new levies and extortion).

      PAAS geopolitical risks are about average. It generates half revenues and most profits from Mexico that was considered as good for mining. Alas new, more progressive government applies new mining taxes now and it means hit on earnings. On the other side, new Peruvian government seems to be more pro-business than it was expected. It can be even said that potentially Peru becomes better place for mining than Mexico. Bolivia and Argentina are two deep progressive holes. It can be speculated that Argentina still holds slight hope that next election could bring something better than present government. Bolivia can be cured by military coup only that is unlikely.

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