By Greta Bourke
BNamericas
Canada’s Endeavor Silver (TSX: EDR, NYSE: EXK) is optimistic that the Mexican government will adjust legislation to soften the blow of the newly implemented 7.5% tax on the mining industry. The new mining taxes were introduced at the start of the year as part of wide ranging fiscal reforms.
“In the last six months we have been working with the industry trying to get a voice with the Mexican government with regard to the tax reform,” CFO Dan Dickson said on a conference call to discuss the company’s 2013 earnings.
Endeavour’s optimism stems from comments made by Mexico’s economy minister, Ildefonso Guajardo Villarreal, at the PDAC 2014 conference held in Toronto on March 2-5.