Mexus Gold US (MXSG)

[T-Hawk]

Well that would be the dumb way for Mexus to elect to calcualte/pay cross border and import taxes.

According the assays of thier first shipment they were supposed to have over 4000 grams Au equivalent (128 oz). It ended up only having 76.5 oz of sellable gold. In this example Mexus would have paid taxes on over 128 oz of gold. When all that ended up being smelted was 76.5 oz.

Why would a company choose to pay taxes on more gold than was actually recovered/sold?

There are taxes to be paid on US imports and US cross border shipment assays are one measure with which they are determined.