Newmont's Mexican division remains optimistic about discussions over proposed mining royalties increase

From Investing.com: 2024-12-11 17:32:32

Newmont’s Mexican division acknowledges the potential impact of proposed mining royalty increase by Mexican government, affecting over $6.9 billion in investments. The company operates the massive Penasquito gold mine in Mexico, producing gold, silver, zinc, and lead.

Ana Lopez from Newmont emphasizes the importance of favorable conditions for continued investment in Mexico. She supports President Sheinbaum’s call for a review of legal reforms that could restrict mining operations, showing commitment to compliance with regulations.

The Mexican government’s proposal to increase mining royalties aims to capitalize on rising metal prices. The industry faces challenges following previous administrative decisions and potential legal reforms, impacting mining operations in Latin America’s second largest economy.



Read more at Investing.com: Mexico’s Newmont optimistic about talks on mining royalties hike By Reuters