{"id":1104945,"date":"2019-03-12T16:37:16","date_gmt":"2019-03-12T16:37:16","guid":{"rendered":"http:\/\/www.mining.com\/?p=975912"},"modified":"2019-03-12T16:37:16","modified_gmt":"2019-03-12T16:37:16","slug":"strike-hits-goldcorps-cerro-negro-mine-in-argentina","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1104945","title":{"rendered":"Strike hits Goldcorp\u2019s Cerro Negro mine in Argentina"},"content":{"rendered":"

Canada\u2019s Goldcorp (TSX:G) (NYSE: GG) said an illegal strike at its Cerro Negro mine in Argentina has forced it to halt operations at the site<\/a>, the company\u2019s biggest gold producing asset in the South American country.<\/p>\n

Mining stopped on March 8, when members of the Asociaci\u00f3n Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surface stockpiles.<\/p>\n

Mining stopped on March 8 and processing activities have now also ceased following the exhaustion of surface stockpiles.<\/q><\/p>\n

The Vancouver-based miner, which is in the midst of its merger with mining giant Newmont<\/a> (NYSE: NEM), said it was working with the union and government authorities to find a resolution and restart operations.<\/p>\n

The company gave no indication of why the union has gone on a strike.<\/p>\n

Jefferies analyst Christopher LaFemina said there would likely be a quick resolution, as Goldcorp is unlikely to want to draw negative attention before the Newmont vote next month.<\/p>\n

Analysts at Canaccord Genuity noted the work stoppage would materially impact the fundamental value of the mine. However, we do note that a prolonged stoppage could impact the company\u2019s ability to meet its 2019 production guidance of 2.2-2.4 million ounces,\u201d they wrote in a note to investors.<\/p>\n

Cerro Negro underground mine began operations in 2015. It produced 489,000 gold ounces last year at an all-in sustaining cost of $535 per ounce.<\/p>\n

The post Strike hits Goldcorp\u2019s Cerro Negro mine in Argentina<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mining stopped on March 8, when members of the Asociación Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surface stockpiles.<\/p>\n

The post Strike hits Goldcorp’s Cerro Negro mine in Argentina<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[674,404,369,440,518],"tags":[12,25,48,71],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1104945"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1104945"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1104945\/revisions"}],"predecessor-version":[{"id":1104946,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1104945\/revisions\/1104946"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1104945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1104945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1104945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}