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.
My esteemed colleague “Rougemont” wrote an article approximately a month ago advising investors to sell silver stocks. Specifically, the iShares Silver trust (SLV), Silver Wheaton Corp. (SLW), Silvercorp Metals, Inc. (SVM), Endeavour Silver Corp. (EXK), and First Majestic Silver Corp. (AG), and buy Bank of America (BAC). If you followed his advice you would be much worse for the wear.
