mining company Fresnillo PLC it was reported during 2022 that it was paid 222 million 640 thousand 432 dollars tax In Mexico, 49.6 percent less from what he had paid in this situation a year earlier.
According to his report on compliance with his obligations to the governments in which the company that is part of Grupo Bal operates, he pointed out that this This is for lower payments to the Ministry of Finance and Public Creditsince received last year 127 million 754 thousand 167 dollars, 65.5 percent below that delivered in 2021.
Keep in mind that last year, the company has less activity and less metal extraction such as silver, tin and zinc for the improvements that are being made in some of their projects.
“Payments are reported at the project level, except for payments not related to a specific project, which are reported at the entity level,” the company said.
In British Standards, a project is defined as operating activities governed by a single contractlicenses, leases, concessions or similar legal agreements, and form the basis payments with the government.
“If agreements of this type are substantially interconnected (i.e., they form a set of contracts, licenses, leases or concessions that are operationally and geographically integrated) it is treated as a single project for the purposes of this Regulation,” the company said.
They state that integration indicators include geographic proximity and common operational management. for some payments that cannot be tied to a specific projectthis is shown at the entity level.
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