Wall Street Mav
Wall Street Mav|Jan 30, 2026 03:05
Mexico is the #1 producer of silver on the planet, but it is becoming more and more difficult to mine silver there. Vizsla Silver (VZLA) is trying to build a mine in Sinaloa, Mexico. But they have to deal with situations where their geologists and engineers are kidnapped and held for ransom. Similar issues happened with First Majestic (AG) that forced them to shutdown their Del Toro mine a few years ago. Too many cartel threats to operate. They just unloaded Del Toro to another company which was desperate enough to try to buy a mine. Avoid investing in silver mining companies in Mexico. The govt is socialist and is creating problems with permits and taxes and regulations. If silver prices go higher, the Mexican govt is the most likely to nationalize the mine or tax your profits into oblivion.(Wall Street Mav)
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