We are going through the process of making our mines more efficient and productive. We started in Guanaceví, which was our highest cost mine in 2017. Once we achieve more efficiency at this mine, we will implement a similar program to enhance productivity at El Cubo and Bolañitos. We are trying to make our mining processes leaner as quickly as possible. We are simply trying to make better use of our equipment and people, which are our two biggest assets.
Centralized mechanisms for fund distributions are very difficult to implement as it is hard to please everyone. We support these initiatives but we have seen that using them adequately is not an easy task. The funds need to be used in a very transparent manner and authorities need to make sure that they are investing in projects that support the wellbeing of communities. Peru, for instance, transfers 50 percent of the revenues it receives from the mining industry to surrounding communities but the government was not properly overseeing its use. This meant that municipal leaders were investing in the wrong type of projects and cases of corruption arose. These initiatives are meant to eliminate conflict between authorities and communities but they can sometimes end up causing more problems than they were meant to solve.