Newmont Goldcorp Corp (NYSE: NEM) (TSX: NGT) said Monday it will temporarily halt operations at its Peñasquito gold mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community.
The world’s largest gold producer by market value, output and reserves said it remained committed to “good-faith dialogue” with the roadblock’s leaders. It also noted it was working with Mexican authorities to resolve the situation in “a safe, fair and timely manner.”
A comprehensive contingency plan is in place to resume operations once the illegal barrier is lifted.
The Peñasquito mine produced 272,000 ounces of gold in 2018, the company said.
More to come…
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