PRECIOUS METALS

Pan American workers strike for COVID-19

More than 300 workers at Pan American Silver’s La Arena mine in La Libertad, Peru, have downed tools to protest the growing number of COVID-19 cases at the mine and a lack of testing. Workers fear they could transmit the disease to their families when they go on break, according to a statement from the FNTMMSP national mining and metallurgical workers union.

 La Arena in La Libertad, Peru

La Arena in La Libertad, Peru

"We want the molecular tests to discard the disease; the workers are very afraid as they have been exposed to positive cases which are now isolated in the camp within the mine and some were taken to nearby hotels. If there is no solution we are going on strike," said Ernesto Amas, general secretary of the La Arena union.

Pan American said in a statement Monday it was putting its Huaron and Morococha operations in Pasco and Yauli, Peru, on care and maintenance in response to several workers at the mines recently testing positive for COVID-19. The statement said nothing about La Arena.

Shares in Pan American Silver are trading at C$46.67, valuing the company at $9.8 billion.

 

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