February 13, 2025

Amendments in, underground next?

Amendments in, underground next?

Glenn Jessome, CEO of Silver Tiger Metals, provides an update on Mexico’s mining sector and the recent shift in government sentiment toward foreign investment. He highlights Mexico 2030, an initiative led by incoming president Claudia Sheinbaum, which aims to transform Mexico into a top 10 global economy by promoting industries like mining. Jessome notes that the government is already taking action, with major companies like Grupo Mexico and Alamos Gold receiving key permit amendments. He emphasizes the significance of these changes, stating, “This is the sentiment change we’ve been waiting for, and I think you’re going to see an improvement in these areas.”

Looking ahead, Jessome predicts a wave of new permits, including both underground and open-pit mining approvals, which could attract further foreign investment. He explains that Silver Tiger Metals is well-positioned to benefit from these regulatory changes, as the company awaits an amendment to its existing underground mining permit. Speaking about the future of mining in Mexico, he adds, “You’re going to see a lot of money and capital start to flow back into Mexico as it starts to open up again.” With sentiment shifting positively, investors are closely watching which companies will secure the next round of approvals.

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