Mexican gold mine robbed of $8.5 million in gold near Torex April 8, 2015 8:38 AM ET Armed robbers steal $8.5 million in gold from Mexican mine run by Toronto-based company https://news.nationalpost.com/news/armed-robbers-steal-8-5-million-in-gold-from-mexican-mine-run-by-toronto-based-company?preview_id=736251
MEXICO CITY — A Canadian mining company says armed robbers took $8.5 million in gold from a refinery at a mine in Mexico’s western Sinaloa state.
McEwen Mining Inc. says the theft occurred Tuesday at the El Gallo 1 mine and involved 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold.
While McEwen is insured, its policy won’t be enough to cover the entire expected loss.
“The crime is being vigorously investigated by the Mexican authorities,” the company’s statement read.
No one was injured and mining operations were not affected, McEwan Mining said. But the statement did not provide any more details about the robbery.
The Toronto-based company has operations in Mexico, Nevada and Argentina.
This isn’t the first violent incident affecting Canadian mining companies in Mexico this year. Last month, four Goldcorp Inc. workers in the troubled Guerrero state went missing in an apparent kidnapping, while contractors and an employee of Torex Gold Resources in the same region were kidnapped in February.