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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Post by timron1on May 01, 2015 10:10am
198 Views
Post# 23684630

Nyrstar Guerrero mine still shut excerpt Q1 conference call

Nyrstar Guerrero mine still shut excerpt Q1 conference call
Guerrero has seen an upsurge in violence linked to drug cartels in recent months, including kidnappings of workers from Torex Gold's US$800mn Limon-Guajes gold project and Goldcorp's Los Filos mine. Three of four abducted Goldcorp workers were found dead.
 
"Continued security issues in the state of Guerrero prevent the resumption of operations at Campo Morado," Galassini told Nyrstar's Q1 earnings call.
 
"We're working with the government, the community and regulatory agencies to seek a resolution to the problems. Like many others we're finding this to be a very complex issue and that it's not likely to be resolved in the near term."
 
The mine will restart when site and community issues are resolved and when operations can be conducted in a secure environment, he added.
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