RE:Looking for a weak spot....colombia is not peru. colombia is ranked as one of the safest south american countries when it comes to company investment (although the locals don't have it as good as out of country investors). the protests already made president duque withdraw his increased tax plan which was the reason the protest started. protests are nothing new, it is a way for them to vent. gcm experienced worse in previous civil strike. gcm operation is not affected as they stated in the earnings conf call. their esg initiatives and increasing worker pay gives the locals no reason to protest against gcm. gcm modernized mines have much better working conditions and higher pay than other miners in the country. the locals want jobs and gcm is giving them jobs. as in past years, they can't protest forever. in the past they eventually get tired of it after a month and a half or so, and things go back to normal.
Magnum2 wrote: South America/Peru now in question as Govt's are talking about raising mining taxes, even possible seizures of assets...Large positions/"Shorts" have been working Peruvian and other mining Cos., somewhere this becomes great value and starts to turn, unfortunately it is too soon IMO to be a buyer.
GLTA