Manufacturing
News Article
The Mexican manufacturing sector must transform uncertainty into resilience to achieve success, says KPMG.
Mario Hernandez, Finvero
View from the Top
Mario Hernández
CEO
Finvero
Finvero aims at providing SMEs with liquidity through credit at one of the lowest rates in the market
sat torre caballito
News Article
Delays on VAT refunds dovetail with other characteristics of the Mexican fiscal framework, weakening the county’s competitiveness.
mario-hdz
Insight
Mario Hernández
Head of the Tax Mining Practice
KPMG in Mexico
The Mexican mining industry has remained a generator of foreign exchange and employment in recent years, as Mexico has significant mining potential.
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…
eduardo-salgado
Insight
Eduardo Salgado
Head of the Mining Industry
KPMG in Mexico
If a mine is established in an undeveloped community and the company is committed to creating education and infrastructure
Mario Hernández
View from the Top
Mario Hernández
Leading Partner of the IMMEX Segment at KPMG Mexico
KPMG Mexico
KPMG is one of the Big Four global professional services companies. The company offers audit, tax and advisory services. KPMG specializes in…
Analysis
Uncertainty marked the previous 12 months, with the renegotiation of NAFTA spurring the country to cast an eye at alternative markets for growth
Mario Hernández
View from the Top
Mario Hernández
Leading Partner of the IMMEX Segment
KPMG México
KPMG provides audit, tax and advisory services globally and for automotive clients.
Subscribe to Mario Hernandez