Primary silver producer Primero Mining has issued a notice of intent to submit a claim to international arbitration against the Mexican government under provisions of the North American Free Trade Agreement (Nafta), it said on Thursday.
The dispute was rooted in Mexican tax authorities in February seeking to nullify a 2012 advance pricing agreement (APA), which confirmed the company’s basis for paying taxes on realised silver prices for the years 2010 to 2014.
