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Mexico pursues First Majestic for US$500M

First Majestic Silver faces a US$500 million tax bill in Mexico related to the San Dimas mine it acquired from Primero Mining in May 2018, with the government claiming the company artificially kept its silver prices low over the past decade.

First Majestic Silver's San Dimas mine in Mexico

First Majestic Silver's San Dimas mine in Mexico

Mexico's Tax Administration Service (SAT), is seeking 5.5 billion pesos ($267.18 million) in tax debt as a result of audits dating back to 2010 showing the company owes about 11 billion pesos in tax, according...

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