Haywood stands firm on 2012 silver forecast despite volatility warnings

The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.

The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.

The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.

Case centres on a 2018 toxic spill at the Badila oilfield, equivalent in volume to 34 Olympic-sized swimming pools.