UPDATE 1-Miner Grupo Mexico says sees no risk from govt mining reforms

(Adds background of the reforms) MEXICO CITY, April 27 (Reuters) - Mexican miner Grupo Mexico does not currently view the government's proposed mining reforms as a risk to the operation of its mining portfolio, a top executive at the firm said Thursday during a call to discuss first quarter results.

The Mexican government proposed last month reforms to the sector, which include shortening mining concessions to 15 from 50 years and tightening rules for water permits. The reforms could cost the country some $9 billion in lost investment in coming years, according to

estimates from the mining chamber. Canada's Trade Minister Mary Ng

expressed concern with the proposed reforms this week, arguing it could affect Canadian investment in Mexico's mining sector and impact North America's competitiveness and supply chain resiliency.
(Reporting by Valentine Hilaire and Aida Pelaez-Fernandez; Editing by Isabel Woodford)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

UPDATE 1-Miner Grupo Mexico says sees no risk from govt mining reforms

By Reuters

Reuters

Reuters

Gold has a path to $4,000 as U.S. credibility crumbles - WisdomTree’s Nitesh Shah

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Whether 145% or 10%, tariff uncertainty is enough to stop U.S. gold and silver imports, distort the metals market at all levels – Experts

Gold price plummets as U.S.-China trade relations thawing

Gold price down a bit amid better risk appetite