Yamana to suspend operations at Canadian Malartic

Yamana Gold (TSX:YRI, NYSE:AUY) announced on Tuesday that will scale back operations at its Canadian Malartic mine.

The decision follows discussions held with representatives of the Government of Quebec, that ordered temporarily restriction to all non-essential business until April 13, due to the coronavirus outbreak.

Yamana operations will be on care and maintenance and minimal work will be taking place until the date specified in the order, the miner said.

Canadian Malartic, a 50-50 joint venture with Agnico Eagle, it is the largest gold mine in Canada

Canadian Malartic, a 50-50 joint venture with Agnico Eagle, it is one of Canada’s largest gold mines, and produced 170,084 ounces of gold in the fourth quarter of 2019.

There are currently no suspected or confirmed cases of covid-19 at Canadian Malartic or any Yamana operation, and a return to full capacity at Canadian Malartic is expected to occur in an expedited manner as soon as the temporary restriction is lifted, the company said.

Yamana has also temporarily demobilized operations at the Cerro Moro mine in Argentina.