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.
It looks like the silver price just won’t be stopped. Yesterday it surged by more than a dollar and breached the $42 an ounce mark to “a fresh 31-year high”, a phrase that may finally be replaced with simply “a record high” in another week or two based on the 1980 high for the silver price of about $48 an ounce and its current trajectory (click to enlarge image):
