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.
Canadian Eldorado Gold (TSX: ELD) (NYSE:EGO) has bought 52 million shares of fellow bullion miner Integra Gold (TSX-V:ICG) (OTCQX: ICGQF), which gives the company a 15% stake in Integra
The investment, at $0.28 per share, will give Integra up to a $27 million-cash injection, allowing it to move forward with an active fall and winter drill program at its Quebec-based Lamaque Project, the Vancouver-based junior said in a statement.
The deal closing is expected on or about Aug. 31.
