China, U.S., other major countries freak out over Ghana's increase in gold mining royalties

Wazzamatter? Has the gold price gotten too high for them already? * * * China, U.S. Pressure Ghana to Halt Gold Royalty Hike By Maxwell Akalaare Adombila Reuters Thursday, March 5, 2026 DAKAR, Senegal -- China, the U.S., and other Western governments have mounted an unusually coordinated ​push to get Ghana to halt a gold royalty hike they say could harm some of the ‌biggest miners, according to three sources with knowledge of the matter and a letter from an industry body. Africa's largest gold producer wants to replace its fixed 5% royalty with a sliding scale between 5% and 12% linked to bullion prices -- part of an effort to capture ​more revenue from gold's run to successive historic highs. ... Dispatch continues below ... ... ADVERTISEMENT ... Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history. Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.  With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico. For more information, please visit: http://www.gsilver.com/ Miners said the upper bands of the new regime, which could ​take effect as early as next week unless amended or withdrawn, would make Ghana one ⁠of the continent's most expensive jurisdictions and could squeeze margins. Ghana has agreed to cut an existing levy to ease passage ​of the reform, Reuters has reported, but mining companies say the proposed scale remains too aggressive and have submitted lower ​counter-rates. In addition to U.S. and Chinese pressure, diplomatic missions from the UK, Canada, Australia, and South Africa have also intervened, marking what three senior industry executives described as an unusually high-level response to a fiscal proposal. ... ... For the remainder of the report: https://www.reuters.com/world/africa/china-us-pressure-ghana-halt-gold-royalty-hike-document-sources-say-2026-03-05/ * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png