Newmont • Mina Peñasquito • Mexico • Zinc • Force majeure
Newmont declares force majeure on Peñasquito deliveries Cecilia Jamasmie | June 23, 2023 | 3:56 am News Top Companies Mexico and Central America Gold Silver Peñasquito is the world’s second largest silver mine and Mexico’s biggest gold mine. ( Image courtesy of Newmont’s suppliers in Mexico. ) Gold giant Newmont (NYSE: NEM) (TSX: NGT) has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, as a strike drags on . The US-based miner has had operations suspended since June 8, a day after nearly 2,000 unionized workers downed tools at the mine over a dispute regarding profit-sharing and alleged contract breaches. SIGN UP FOR THE PRECIOUS METALS DIGEST SIGN UP The world’s no. 1 bullion producer’s decision, first reported by Reuters , comes as labour action at Peñasquito enters a third week. The precious metals mine, located in the state of Zacat...
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