ESG

"The current blockade situation overshadows the many successes"

Torex troubles in Mexico impact outlook

Staff reporter

This article is 8 years old. Images might not display.

Torex shut down the plant at ELG after a blockade began earlier this month over what the company described as a conflict between two unions.

In an update last week, president and CEO Fred Stanford expected the blockade to be resolved "in the near term" and the operations team was planning for an efficient plant start up once the blockade was removed.

Meanwhile, the United Steelworkers (USW) yesterday called on the Canadian government to intervene in what it described as a potentially violent crackdown on labour rights at Torex's other Mexican gold project, Media Luna.

It said workers at the site were on strike as they wanted to join "a legitimate, democratic union".

Torex had been in discussions with the federal police to provide security personnel during the ELG blockade and the USW said armed police had arrived on Monday.

In its September quarter results, Torex said its ramp up at ELG had focused on closing the 10% gap to design throughput levels but it expected to produce less than 300,000 ounces of gold in 2017, below guidance, due to the blockade.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.