Mexico owes Canada miners over $360m, led by Goldcorp – documents

June 9, 2017

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Mexico’s tax agency is holding over $360-million in tax rebates owed to six Canadian miners, including $230-million to Goldcorp, according to sources and official documents seen by Reuters, escalating the situation into a showdown between the Mexican government and Canadian mining firms operating there.

In a string of meetings, Canadian officials have pressed Mexico to fix the problem, which hamstrings mining companies’ ability to invest in operations and is particularly difficult for smaller, cash-strapped miners and explorers, people familiar with the matter said.

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