jose-eriol
View from the Top
José Oriol Bosch
Director General
Grupo BMV
Grupo BMV is made up of companies that offer comprehensive services to facilitate operation and post-negotiation in Mexico's market.
analysis_ch13
Analysis
It is fundamental that explorers and operators regain investors’ confidence. To finance steeply capital-intensive projects, miners can trade publicly…
BMV, Reforma, Mexico City
Roundtable
José-Oriol Bosch
José-Oriol Bosch
CEO
BMV Group

Fintech can become a provider of technology to the sector, including to stock exchanges. The important thing is to first have a strong primary legislation, which was already published. I think this will allow fintech companies to grow in an orderly and uniform way, so no incident happens that may smear the name of the rest of the industry. The aim of the fintech regulation is to add value. Fintech sounds very nice but obtaining the financing for it is not so simple, so we have been talking with those companies that want to obtain funding to grow through the BMV. We are having the same conversation with various sectors which do not have access to financing or that find it difficult to find it. One such sector is Sofomes in Mexico. We have an agreement with ASOFOM and we have been able to help many Sofomes, small and large alike, to access funding through the BMV in the capital and debt markets.

The challenge that authorities and the financial ecosystem face is finding an adequate balance that protects consumers and encourages innovation.
José-Oriol Bosch
View from the Top
José-Oriol Bosch
CEO
BMV Group
BMV Group operates a stock exchange, derivative products, an OTC securities and derivatives brokerage company, a securities clearing house...
rick-rule
Roundtable
Rick Rule
President and CEO
Sprott US Holdings

Private funding is very difficult to access for exploration, and the best source of private capital for exploration is probably from high-net-worth career mining explorers or from mining operators that are looking to outsource exploration. Mexico is fortunate in that it has five or six private individuals who are themselves eager participants in the Mexican exploration industry. This is something even the Mexican industry does not understand about itself. The fact that national investors are eager to fund these projects gives foreign investors like ourselves some confidence.

Mexico Mining Review asked industry leaders about the often-heard complaint that there is limited funding available and asked for their solutions.
Minery
Roundtable
Mitchell Krebs
Mitchell Krebs
President and CEO of Coeur Mining

I personally think that the industry is pretty well-positioned. I would say that in 2011, when metals prices were at their peak, the industry got rather lazy. But then as prices for silver and gold declined over the ensuing years, the industry was forced to address some of those areas where it was a little bloated. Costs were reduced, marginal mines were either shut down or sold and balance sheets were really improved. In 2011, companies were pursuing growth at all costs without financial discipline in terms of capital allocation and ROI. But now I think the industry has a much sharper focus on true profitability and returns to shareholders. I feel the industry now is in a much better position. Silver and gold prices have stabilized and strengthened. US$1,350/oz is a very attractive price for the industry and underpinning this is exchange rate volatility, debt levels, geopolitics and supply set to further decline.

Late 2016 brought a wave of geopolitical uncertainty with a series of shocks, first with the UK’s decision to leave the EU, then the election of…
We want mining companies to increase their vision beyond national growth and find areas of opportunity internationally. Many do not know that they…
Analysis
Mexico holds first place in silver production and is ninth in gold, giving the country much to boast about when it comes to national mining industry.
jose-oriol
View from the Top
José-Oriol Bosch
CEO
BMV Group
BMV Group is comprised of companies that operate a stock exchange, derivative products, an OTC securities and derivatives brokerage company, etc.
MBF 2018
News Article
Mexico Business Forum 2018: Cryptocurrencies, the New Player in Investment Market presentation highlights
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