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Gold/Mining/Energy : McEwen Mining

MUX 18.33

-3.7%

Oct 31 9:30 AM EST

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From: PulpCutter	7/25/2017 10:13:33 AM
	of 24510

Yesterday, Tanzania slapped Acacia/Barrick with $170 BILLION tax bill. (Hat tip to Steven Thompson for pointing this out, rationale for yesterday's GDX/GDXJ swoon). bbc.com Analysts have been sympathetic to Acacia's case, with Investec noting that the basic $40bn tax bill "is more than twice what all top five global gold miners (including Barrick) combined have paid in taxes since 2000". (Additional $150B is punitive.)

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