Almaden Minerals ( (TSE:AMM) ) just unveiled an update.
Almaden Minerals Ltd. has filed a US$1.06 billion damages claim against Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The claim arises from Mexico’s alleged unlawful expropriation and discrimination against Almaden’s investments, particularly the Ixtaca project, following a legal dispute over Indigenous consultation obligations. This move could significantly impact Almaden’s financial standing and its future operations in Mexico, highlighting ongoing tensions between foreign mining companies and the Mexican government.
More about Almaden Minerals
Almaden Minerals Ltd. operates in the mining industry, focusing on the exploration and development of precious metals projects. The company is primarily involved in the Ixtaca precious metals project in Mexico, which has been a significant part of its operations.
YTD Price Performance: 82.50%
Average Trading Volume: 78,674
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.05M
See more data about AMM stock on TipRanks’ Stock Analysis page.