PRECIOUS METALS

Pan American workers strike for COVID-19

COVID-19 impacting operations in Peru

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"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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