As silver is an extremely important energy metal, silver could now also fall under the nationalization efforts. In 2024, Mexico confiscated a quarry from a mining company in the USA. The expropriation also includes the company’s land and port. Whether silver will actually be nationalized is still uncertain. In any case, mining concessions have been reduced from 50 to 30 years and water permits are subject to strict regulations. This development is likely to affect young exploration companies. A new president has been in power in Mexico for a good three months now. And experts assume that the nationalization efforts of his predecessor will not continue or intensify but rather decline. After all, Mexico needs money, and this comes from mining and therefore also from foreign investment. Silver producers and explorers are therefore more relaxed about the future
Discovery Silver – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ -, for example, is well established in Mexico with its silver and silver-zinc-lead projects. The company is advancing one of the largest silver development projects in the world.
Foran Mining – https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ – stands for a lower-emission future. If you want to avoid Mexico, you can take a closer look at Foran Mining. The company owns nine properties in Saskatchewan. The raw materials contained therein are copper, zinc, silver and gold. Current projects include the development of the McIlvenna Bay deposit, the evaluation of the Bigstone deposit and the exploration of several promising targets near mines.
Current company information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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