First Quantum Minerals Ltd. (TSX:T.FM, Stock Forum) said workers at its Guelb Moghrein mine are back to work after an illegal strike temporarily halted operations.
The Guelb Moghrein copper-gold mine, located 250 kilometres northeast of Nouakchott in the country of Mauritania in Northern Africa, currently produces 17,000 tonnes of concentrate per month at a grade 22.5% copper.
According to the press release, the Vancouver-based company temporarily suspended operations at the copper-gold mine earlier this month because of the illegal strike action.
Overall, the mine lost 12 production days, and is continuing to work through a government-facilitated mediation process to resolve differences with the unions.
First Quantum is a rapidly growing mining and metals company currently operating two mines and developing five projects worldwide.
On Thursday, First Quantum was up 5% and was trading at $18.07 a share. The company has a market cap of $8.6 billion, based on 467.3 million shares outstanding. The 52-week high and low was $27.12 and $12.60 respectively.