Excellon Resources Inc. (TSX: T.EXN, Stock Forum) said that an illegal demonstration was held at the company's La Platosa mine in Mexico on Tuesday.
The La Platosa mine, located in the state of Durango, is Excellon Resources’ flagship silver mine.
According to the Excellon Resources press release, on Tuesday, labour authorities in the state of Durango held a hearing to certify the results of the union election held at La Platosa on July 5.
Based on the initial results of that vote, the Sindicato Nacional Minero Metalúrgico Napoleón Gómez Sada was elected by the workers of La Platosa to be the representative union at the mine.
The final certification of the results of the vote was deferred at yesterday's hearing for a further two weeks. Following the hearing, a mixed group of members of the USW Union and the Ejido, landowners, assembled on roads leading into the La Platosa mine site and refused to allow incoming or outgoing access to company vehicles.
A few hours later, 50 members of the Concerned Women of Bermejillo assembled at the main access to La Platosa and the demonstrators dispersed from the entrance road.
Excellon remains committed to working with the union that is democratically elected by the company's workers and certified by Mexican labour authorities.
On Thursday, Excellon’s stock was down 5% and was trading at $0.37 a share. The company has a market cap of $101.8 million, based on 275.2 million shares outstanding. The 52-week high and low was $0.74 and $0.33 respectively.