Yamana Gold resumes operations at mine in Chile after deal with unions

By Cecilia Jamasmie / January 18, 2017 / www.mining.com / Article Link

Operations at Canadian miner Yamana Gold's (TSE:YRI) (NYSE:AUY) El Pe????n mine in northern Chile have resumed following collective bargaining agreements reached with two unions representing underground workers, the company said late Tuesday.

The strike has not had a significant impact on mine and consolidated production, said Yamana.

The Toronto-based miner halted El Pe????n, its second biggest gold mine by output, on Jan. 7 after unionized workers staged a sit-in at the employee camp and blocked access roads.

The company said work partially resumed last Friday after the striking miners relinquished the camp in order to allow for conclusion of negotiations, which led to collective bargaining agreements for 40 and 48 months with El Pe????n's two unions.

Yamana added the interruption in operations didn't a "significant impact" on mine and consolidated output and that it expects to recover production from its other operations in the short term and from El Pe????n throughout the year.

In the first nine months of 2016 the mine produced 164,445 ounces of gold or about 17% of Yamana's total bullion output.

Recent News

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com

Producing and junior gold stocks down for second week

June 17, 2024 / www.canadianminingreport.com

Producers and junior gold both take a hit

June 10, 2024 / www.canadianminingreport.com

Palladium price reverts towards parity with platinum

June 03, 2024 / www.canadianminingreport.com

Lithium, palladium underperform major metals from April 2024

June 03, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok