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Goldcorp shutters Peñasquito

Goldcorp (TSX: GG) has been left with no choice but to shut its Peñasquito mine in Zacatecas, Mexico, after an aggrieved trucking contractor blocked access to one of the country’s largest precious metal operations.

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Peñasquito is expected to produce 520,000-580,000 ounces of gold this year

The company, which recently made changes to its transport supply chain at the operation, said the blockade began on September 26 and is classed as illegal.