PRECIOUS METALS

Strike stops Goldcorp's Cerro Negro mine

Union stoppage shuts Goldcorp's cornerstone mine

Staff Reporter

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

Mining ceased on March 8th and processing activities have now stopped following the exhaustion of surface stockpiles.

Cerro Negro produced 489,000 ounces in 2018 at an all-in sustaining cost of US$535 per ounce.

Goldcorp said it is working with the union and government authorities to work toward resolution and restart the operation.

The company gave no indication of why the union downed tools.

Jefferies analyst Christopher LaFemina said there would likely be a quick resolution, because of Goldcorp's desire to avoid negative attention before the Newmont vote next month, as well as its contribution the annual production.   

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

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

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.