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Goldcorp suspends Penasquito mine ops amid blockage by trucking contractor

Goldcorp Inc. said Oct. 3 that it suspended operations at its Penasquito gold-silver mine in Mexico, following an illegal blockade by a trucking contractor that began Sept. 26.

A spokeswoman for the company said in a Sept. 30 email that operations at the mine were not affected and the company hoped to resolve the issue shortly.

The trucking contractor set up the blockage after the gold major decided to diversify its supply chain and distribute economic benefits to more local suppliers while realizing cost efficiencies at the mine.

The company said in its latest statement that it "remains committed to respectful negotiations" with representatives of the trucking contractor.

"A comprehensive contingency plan is in place during this shutdown of operations that will enable mining and processing to be restarted immediately following resolution of the matter," the company commented.

Goldcorp also said it took all necessary legal steps including filing criminal charges against the protest leaders and is awaiting law enforcement to end the blockade. The miner does not expect the shutdown to impact its overall production and cost guidance for 2016.