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Kinross Gold Corp. (TSX:K,NYSE:KGC) announced yesterday that an inability to reach a new collective agreement at its Chile-based Maricunga mine has prompted workers there to go on strike.
Kinross Gold Corp. (TSX:K,NYSE:KGC) announced yesterday that an inability to reach a new collective agreement at its Chile-based Maricunga mine has prompted workers there to go on strike.
As quoted in the press release:
Mining operations at Maricunga have been suspended, while the heap leach facility and processing plant remain in operation in order to meet environmental compliance obligations. Kinross is unable at this time to predict when striking employees may return to work, or what the production impact may be, but will update the market as appropriate. The Maricunga mine produced approximately 188,000 gold equivalent ounces in 2013.
Click here to read the full Kinross Gold Corp. (TSX:K,NYSE:KGC) press release.