Workers at Barrick Gold’s (TSX, NYSE:ABX) Veladero mine in Argentina began Sunday an indefinite and unplanned strike over better working conditions at the operation, which has recently been the focus of controversy due to cyanide spill in March, the third such incident in less than 18 months.
In a brief statement, Barrick said is already in talks with union representatives to find “timely resolution” to the situation.
Construction works in the heap leach valley, necessary for the resumption of full operations at Veladero following the March spill, are not affected by the work stoppage, the company said.
The world’s No.1 producer of the precious metal by value also noted it’s still planning to resume normal leaching activities at Veladero in the second half of June, subject to approval by local authorities.
Veladero, one of the largest gold mines in Argentina, produced 544,000 ounces last year. Proven and probable mineral reserves as of December 31, 2016, were 6.7 million ounces of gold, according to the company's website.
More to come…
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