Apex Silver Mines

Apex Silver Mines, founded by Thomas Kaplan, from Denver, Colorado was a US-American transnational mining corporation with a tax haven address in the Cayman Islands. Since its start in 1993, Apex Silver Mines Ltd. had become an exploration and development company and producer of silver, zinc and lead. Surely something should be said about the terrible loan agreement for San Cristobal and the horrible hedging scheme that ultimately bankrupted the company to the benefit of the bank and the company officers. Ordinary shareholders were wiped out, with no recourse.

Apex Silver Mines

Apex Silver Mines, founded by Thomas Kaplan, from Denver, Colorado was a US-American transnational mining corporation with a tax haven address in the Cayman Islands. Since its start in 1993, Apex Silver Mines Ltd. had become an exploration and development company and producer of silver, zinc and lead. Surely something should be said about the terrible loan agreement for San Cristobal and the horrible hedging scheme that ultimately bankrupted the company to the benefit of the bank and the company officers. Ordinary shareholders were wiped out, with no recourse.