Miners pay USD 67 million to DGI

Hemco and Equinox Gold pay more than USD 67 million to the DGI after a dispute over income tax in Nicaragua.

Miners pay USD 67 million to DGI

TL;DR

  • Hemco and Equinox Gold paid over $67 million to the Nicaraguan state.
  • The payment resolved a fiscal dispute over income tax calculations from 2019-2024.
  • The General Directorate of Revenue found inconsistencies in the companies' tax declarations.
  • The companies settled the assessments issued by the tax authority.