First Majestic Silver has asked Canada’s ambassador to Mexico to intervene in an escalating tax dispute with President Andres Manuel Lopez Obrador’s government, the Canadian miner’s CEO said on Friday.
Lopez Obrador said on Tuesday that some of Canada’s mining firms were behind on their tax payments and urged the Canadian government to lean on them to avoid the dispute reaching international tribunals.
He did not mention First Majestic by name, but the miner last month said it had served notice to Mexico’s government under its North American trade treaty obligations to begin talks to resolve taxation disputes.