Post by
johnfever21 on Mar 30, 2017 11:04pm
Company disclaimer on annual information Mar 20th
The Company’s only operating mine and all of its exploration and development properties are located in Mexico. In the past, Mexico has been subject to a number of risks and uncertainties, including:
• terrorism and hostage taking;
• expropriation or nationalization without adequate compensation
• difficulties enforcing judgments obtained in Canadian or United States courts against assets located outside of those jurisdictions;
• high rates of inflation; • changes to royalty and tax regimes;
• substantial fluctuations in currency exchange rates;
• volatile local political and economic developments;
• difficulty understanding and complying with the regulatory and legal framework respecting the ownership and maintenance of mineral properties, mines and mining operations;
• as the price of fuel is set by the federal government the fuel component of cost structure is not necessarily determined by market forces; and
• difficulty obtaining key equipment and components for equipment
Part of the reason Goldcorp is developing in other jurisdictions