An anonymous director reports
NEWMONT GOLDCORP SAFELY RAMPING UP OPERATIONS AT PENASQUITO MINE IN MEXICO
Goldcorp Corp. is safely ramping up operations at the Penasquito mine in
Mexico following the lifting of an illegal blockade and the
establishment of a dialogue process sponsored by the national government.
Concentrate shipments from the mine, as well as the delivery of supplies
to the site, have resumed and workers are going through orientation
sessions to ensure production begins in a safe and orderly manner.
During the temporary suspension of operations, which began on April 29,
the mine used the downtime to bring forward maintenance on a variety of
systems and equipment.
Newmont Goldcorp is committed to good-faith dialogue with the trucking
company and the San Juan de Cedros community (one of 25 neighbouring
communities) to achieve a fair and enduring resolution to contract and
water availability issues.
The Penasquito mine produced 272,000 ounces of gold in 2018 and directly
employs more than 6,000 people, while supporting another 20,000 indirect
jobs in the region. Penasquito has enhanced water availability to
neighbouring communities through a number of projects, including water
treatment plants, new wells, pipelines and water trucks.
About Newmont Goldcorp Corp.
Newmont Goldcorp is the world's leading gold company and a producer of copper, silver, zinc and lead. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. The company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
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