PRECIOUS METALS

Penasquito back on line

Mexico gold mine resumes operation after blockade ends

Staff Reporter

This article is 6 years old. Images might not display.

The gold major said the resumption followed lifting "of an illegal blockade and the establishment of a dialogue process sponsored by the national government". The mine used the downtime to bring forward maintenance on plant and equipment.

"Newmont Goldcorp is committed to good-faith dialogue with the trucking company and the San Juan de Cedros community - one of 25 neighbouring communities - to achieve a fair and enduring resolution to contract and water availability issues," the company said.

Penasquito, which 272,000 ounces of gold in 2018, is said to employ more than 6,000 people and indirectly support another 20,000 jobs in the region.

 

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.