Incorporation in Panama offers several advantages. Panama is a bank secrecy and tax haven. Panama offers a centralized location from which to oversee Royal Silver's future expansion into Mexico and Peru.
Operating in Bolivia--while challenging--offers advantages: Bolivia does not have a silver smelter; the production of high-grade concentrates is fragmented into individual mills--these mills sell to the highest offer--they are not bound by contracts; Bolivian sulfide ores and concentrates are extremely complex, impossible to leach by traditional methods, and ideal for the ARGOX Process.
Silver processing plant located on 1.8 ha (4.4 acres) on the outskirts of Cochabamba, Bolivia. 3,600 m2 (38,750 sq.ft.) under roof. Modern assay and metallurgical laboratory, RO water, world-class refinery, sulfonation plant, plant air, cryogenic oxygen, machine and sheet-metal shop, warehouse, leach plant, mint, dining and kitchen, offices.