Sensationalist JournalismThe expenses for an idle mine is much less than when it is in full production. They don't have to pay for input materials, fuel, electricity, labor, drilling, mining. The article saying it cost a lot more to be idle ($2m per day) than in full production is total BS. They just want to attract more readers.
Look at it this way, they wouldn't be that much worse than an exploration/development company that has no production for years. Their path to production would be faster.
Marmato is in a different region with different plant so they should still be able to produce at Marmato.
Illegal miners doing illegal blockage of roads. On the bright side, the company employees want to come to work and are not striking. All strikes are temporary, illegal strikes usually are shorter when there are grounds to arrest them. Poor and needing to put food on the table, starvation is a good incentive to get back to work. When they reach an agreement, they can come back to a higher gold price now that the Fed didn't raise rates again. The low share price was already pricing in the possibility of something bad happening.
Method wrote: Their expenses last quarter were only about $30m so I don't see how they could be losing $2m a day.
maybe 2m pesos.