Mexico should do what Indoniesia did with their Nikkel, i.e demand that the silver dore is refined in Mexico to add value and strenghten their own industries.
This sure does make me happy with my Dolly Varden and Outcrop silver and gold stocks.
So, I haven't read "headache level" numbers of articles like this one. The fact of the matter is that "if you don't hold it, you don't own it" these are the words that consistently echo in my little brain. Common sense should engage on autopilot Red Alert, when you even "think" about having your precious metals in a "dedicated" storage facility. Do you not think that whoever "they" send to take it already knows the locations of these facilities? Facility security, really? major LOL
Keep it in/under/around your personal property only.
It’s very unlikely that Mexico will nationalize most or hardly any of their mines. That would kill foreign investment. The main takeaway was not issuing any new concessions. That's the same way it's been the last 4 years, but that is a far cry from selling all Mexican silver miners. Good grief!! All she said was they were reviewing the environmental impact of a few existing mines and that is also a far cry from nationalizing mines.
Those are absolutely ridiculous and quite frankly embarrassing comments from the “Silver Academy” to sell silver companies operating in Mexico, because there was NOTHING said about seizing mines from currently operating companies. This is precisely the kind of F.U.D. (Fear, Uncertainty, and Doubt) and misreading the actual news that hurts PM investors and it is sad to see it being given more air time and raising more concerns here or by Lobo Tigre (he should know better than that). Silver mining is tough enough, the last thing the sector needs is handwringing and hyperbolic statements about avoiding Mexico and selling Mexican silver stocks. People should put this so-called "Silver Academy" on ignore. They were formed by people nobody's ever heard of in 2023 and they are running click-bait titles that hurt the actual silver sector.
Please note that President Sheinbaum’s announcement does not impact operating companies or even exploration and development companies that already have their land use concessions and have good environmental studies and permits in place. If there are a few legitimate concerns about environmental issues at some old legacy mines, then those may be asked to rectify the situation or they could be closed earlier than anticipated, but Mexico is not going to "nationalize" those mines and then run them in the same environmentally sensitive ways. That makes no logical sense.
This is a big nothing burger overall that is being hyped up for sensationalism.... There already has been a ban on no new concessions for 4 years now. All Sheinbaum did he was clearly restate this fact, and her administration has already communicated a few times now that they were NOT banning open-pit mining, and weren’t nationalizing any mines, and that foreign investment capital in internationally run mining companies was safe in-country.
People need to quit reading reactionary headlines like this, do their own due diligence, and do a little deeper thinking about how it would play out economically for Mexico if they started nationalizing silver mines. They also should tune out media outlets fanning the flames of hyperbolic statements, and actually listen to the companies operating in Mexico that also put out communication all week that the media was spinning this in an disingenuous way.
Thanks John. I have investments in several mining ventures in Mexico and while awaiting your next expose on potential risks, I will do some homework and check out the geography of the mines being operated and prospected for by the companies I have stock in.
Nationalization of mines is a reason I have not gotten involved with the miners, same with gold miners. It could happen in the U.S., too. I'll stick with physical.
Mexico should do what Indoniesia did with their Nikkel, i.e demand that the silver dore is refined in Mexico to add value and strenghten their own industries.
This sure does make me happy with my Dolly Varden and Outcrop silver and gold stocks.
Is Visla fully permitted..?
I think VZLA could be an issue and though the crash (14%) of the last week has no associated information, this could be an explanation.
https://grok.com/share/bGVnYWN5_cdb2a412-3e85-4329-b3bd-b528cb596c4b
So, I haven't read "headache level" numbers of articles like this one. The fact of the matter is that "if you don't hold it, you don't own it" these are the words that consistently echo in my little brain. Common sense should engage on autopilot Red Alert, when you even "think" about having your precious metals in a "dedicated" storage facility. Do you not think that whoever "they" send to take it already knows the locations of these facilities? Facility security, really? major LOL
Keep it in/under/around your personal property only.
"if you don't hold it, you don't own it"
ok, thanks for reading my 2 cents.
It’s very unlikely that Mexico will nationalize most or hardly any of their mines. That would kill foreign investment. The main takeaway was not issuing any new concessions. That's the same way it's been the last 4 years, but that is a far cry from selling all Mexican silver miners. Good grief!! All she said was they were reviewing the environmental impact of a few existing mines and that is also a far cry from nationalizing mines.
Those are absolutely ridiculous and quite frankly embarrassing comments from the “Silver Academy” to sell silver companies operating in Mexico, because there was NOTHING said about seizing mines from currently operating companies. This is precisely the kind of F.U.D. (Fear, Uncertainty, and Doubt) and misreading the actual news that hurts PM investors and it is sad to see it being given more air time and raising more concerns here or by Lobo Tigre (he should know better than that). Silver mining is tough enough, the last thing the sector needs is handwringing and hyperbolic statements about avoiding Mexico and selling Mexican silver stocks. People should put this so-called "Silver Academy" on ignore. They were formed by people nobody's ever heard of in 2023 and they are running click-bait titles that hurt the actual silver sector.
Please note that President Sheinbaum’s announcement does not impact operating companies or even exploration and development companies that already have their land use concessions and have good environmental studies and permits in place. If there are a few legitimate concerns about environmental issues at some old legacy mines, then those may be asked to rectify the situation or they could be closed earlier than anticipated, but Mexico is not going to "nationalize" those mines and then run them in the same environmentally sensitive ways. That makes no logical sense.
This is a big nothing burger overall that is being hyped up for sensationalism.... There already has been a ban on no new concessions for 4 years now. All Sheinbaum did he was clearly restate this fact, and her administration has already communicated a few times now that they were NOT banning open-pit mining, and weren’t nationalizing any mines, and that foreign investment capital in internationally run mining companies was safe in-country.
People need to quit reading reactionary headlines like this, do their own due diligence, and do a little deeper thinking about how it would play out economically for Mexico if they started nationalizing silver mines. They also should tune out media outlets fanning the flames of hyperbolic statements, and actually listen to the companies operating in Mexico that also put out communication all week that the media was spinning this in an disingenuous way.
mx will never nationalize silver. bribery there is simple; what do you prefer "gold or lead"?
that solves the "what if" question...
Thanks for the heads up. I haven't followed this as closely as I should have. I'll review my portfolio this weekend.
Thanks John. I have investments in several mining ventures in Mexico and while awaiting your next expose on potential risks, I will do some homework and check out the geography of the mines being operated and prospected for by the companies I have stock in.
Many thanks John
I've followed the Silver Academy with interest over this very subject
As I hold a position in Vizsla then I'd be very interested to read your view on it and any other miners with Mexican exposure
Nationalization of mines is a reason I have not gotten involved with the miners, same with gold miners. It could happen in the U.S., too. I'll stick with physical.
Thanks for drawing attention to this important potential jurisdictional risk—it’s one to be aware of.