Explosives Permit Reinstated at Fresnillo’s Noche Buena Mine

Reuters reported that Fresnillo plc (LSE:FRES) today said in a regulatory filling that the explosives permit for its Noche Buena mine, located in Northern Mexico, has been reinstated.

As quoted in the market news:

Fresnillo said the permit had been suspended after a land dispute with a local agrarian community. The Noche Buena mine, which produced 36,690 ounces of gold in 2012 and is run by the company’s Minera Penmont subsidiary, is now operational, Fresnillo said.

However, Fresnillo said it is still awaiting approval from a magistrate in the northern state of Sonora to reinstate explosive permits at its Herradura and Soledad mines.

Click here to read the full Reuters report.