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Gold Resource Corp Message Board

  • keepshorting keepshorting Apr 19, 2013 10:16 AM Flag

    Mexican mining royalty plan passes committee in Congress

    A proposal to levy a new 5 percent royalty tax on mining profits in Mexico, the world's largest producer of silver, passed a congressional committee on Thursday as the country attempts to boost its paltry tax take.

    If the law passes another committee vote early next week, the bill could be put to the floor of the lower house later that week, Bonilla said. If approved, it would move to the Senate.

    Sentiment: Strong Sell

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