Precious Metals  

Operations resume at Goldcorp's Cerro Negro mine in Argentina

Canada’s Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company’s biggest in the South American country.

Mining stopped on March 8, when members of the Asociación Obrera Minera Argentina (AOMA) downed tools, and processing activities also ceased following the exhaustion of surface stockpiles.

The Vancouver-based miner said a conciliation process resolution was issued by the provincial government of Santa Cruz and accepted by the parties, but didn’t provide further details.

“All personnel have been remobilized and the site is ramping back up to normal operations,” Goldcorp said in the statement.

The Cerro Negro underground mine began operations in 2015. It produced 489,000 gold ounces last year at an all-in sustaining cost of $535 per ounce.

Separately, the company said its chairman, Ian Telfer, won’t be joining the board of the merged Newmont-Goldcorp, assuming the planned $10 billion-merger gets shareholder approval next month.

The companies said earlier this year the business combination would create the world’s largest producer by output, challenging Barrick’s recently cemented supremacy.

News No: 4025
Date: 2019/03/14 - 22:39
News Source: MINING.COM

Goldcorp  Argentina  Canada  Cerro Negro mine  AOMA 


Leave a Comment:


Delrey to acquire vanadium property in Newfoundland

Delrey Metals (CSE: DLRY) signed a non-binding term sheet this week with respect to the right and option to acquire an 80% interest to certain mineral licences that comprise the Four Corners project in western Newfoundland, Canada.

VanEck shares Paulson's concerns on Newmont-Goldcorp merger

Paulson & Co. isn’t the only Newmont Mining Corp. shareholder that’s expressing concerns over the terms of the gold miner’s $10 billion purchase of Goldcorp Inc.

Paulson opposes Newmont-Goldcorp merger

Paulson & Co., which holds 14.2 million shares of Newmont Mining (NYSE: NEM), said on Thursday that it does not support Newmont's proposed acquisition of Goldcorp (NYSE: GG, TSX: G) as it is structured.

Barrick could close Golden Sunlight mine in May

Canada’s Barrick Gold (TSX:ABX) (NYSE:GOLD) could close its Golden Sunlight mine in Montana as soon as May, unless the company finds a way to keep the 44-year-old and nearly depleted operation in business.

BHP steps up efforts to win neck and neck battle for Ecuador’s copper riches

World’s largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada’s Luminex Resources (TSX-V:LR).

Funds blast Goldcorp chair's 'terrible' $12 million package

A lucrative retirement package for the chairman of Goldcorp Inc. is raising the hackles of investors ahead of a key vote on the company’s planned merger with Newmont Mining Corp.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners