Equinox Gold Executives Meet with Attorney General After $37.9 Million Tax Assessment
Equinox Gold executives are meeting today with the Attorney General amid international pressure and after accepting a $37.9 million tax assessment imposed by the regime.
TL;DR
- Equinox Gold executives are meeting with Nicaragua's Attorney General, Wendy Morales, and presidential advisor Laureano Ortega Murillo.
- The meeting takes place amid international scrutiny of Nicaragua's mining sector and after Equinox Gold accepted a $37.9 million tax assessment.
- The company previously failed to overturn the tax assessment administratively and made an initial payment of $18.4 million.
- Another company, Hemco, also paid $49.3 million in a similar tax dispute.
- These actions have raised concerns about legal security for foreign investments, with warnings from U.S. political figures.
- Equinox Gold has reduced its operational footprint, relinquishing over 200,000 hectares of mining concessions.