Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Shares of Silver Wheaton (SLW.TO:Quote) rose on Monday, after the miner’s quarterly profit more than doubled, helped by record production and soaring silver prices.
Net profit rose to $122.2 million, or 34 cents a share, from $50.6 million, or 13 cents a share, a year ago.
