At least Goldcorp has multiple mines. Torex is just a one mine operation. One trick pony with no dividend. Wonder if the truckers are controlled by the Cartel? Just waiting for the Cartel to initiate some kidnappings and more murders as Goldcorp and Torex has experienced before.
(All amounts in US$ unless stated otherwise)
VANCOUVER, Oct. 3, 2016 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) today announced a controlled shutdown of operations at its Peasquito mine, following an illegal blockade by a trucking contractor that began September 26, 2016. Goldcorp recently undertook efforts to diversify its local transportation supply chain and distribute economic benefits to more local suppliers, while realizing cost efficiencies at the mine.
Goldcorp remains committed to respectful negotiations with the trucking contractor's representatives. The Company has taken all necessary legal steps, including filing criminal charges against the protest leaders and awaits legal enforcement to ensure a swift and orderly end to the illegal blockade.
A comprehensive contingency plan is in place during this shutdown of operations that will enable mining and processing to be restarted immediately following resolution of the matter.
Peasquito is located in the province of Zacatecas, Mexico and supports approximately 10,000 direct and indirect jobs. The mine is a major driver of the state economy, purchasing close to $600 million in goods and services from Mexican suppliers last year and supporting a range of community projects in education, health care and community development.
Goldcorp has received recognition for its responsible mining practices in Mexico. The safety of people and protection of the environment remain the company's top priorities.