Mexican Tax reform reviewOn October 31, 2013, the Mexican Congress approved the 2014 Mexican tax reform package. Among other things, the reform broadened the tax base, eliminated the single rate business tax, and introduced a tax-deductible mining royalty of 7.5% on earnings before the deduction of interest, taxes, depreciation and amortization, with precious metal mining companies paying an additional 0.5% on precious metals gross revenue. In addition, a new 10% income tax withholding on dividend distributions will be imposed at the distributing corporation level. The law came into effect on January 1, 2014, and applies on a prospective basis and therefore will affect the future earnings of the Company’s operations in Mexico.