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.
Bayhorse Silver of Vancouver has poured the first silver bullion from its mine of the same name in the central part of the state. The button contains 37.69 oz. of .9999 fine silver, and is stamped with the Liberty Refinery purity mark.
The silver comes from a part of a 175 kg sample taken from the Bonanza vein. The sample was ungraded, and the silver content varied but assayed 10,528.6 g/t silver. Bayhorse is considering upgrading run of mine ore to ensure the 98% recovery goal can be met.
Bayhorse is currently bulk sampling at the historic mine. The 43-101 inferred resource at a 7.5 g/t cut-off is approximately 265,116 tonnes averaging 742.4 g/t silver and containing 6.3 million oz.
This story first appeared in Canadian Mining Journal.
