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.
Senior geologist and co-editor of the Exploration Insights newsletter, Brent Cook, said 2013 will be the year in which a third of the juniors miners currently active will fade, as they simply don’t have viable properties.
Speaking to Cambridge House Live at the International’s Vancouver Resource Investment Conference held last week, Cook said this is really “good news” for investors because it leaves only the quality projects out there “and there is where you want your money to be.”
You can watch the full interview below:
