Newmont Goldcorp Provides Update On Peñasquito Mine in Mexico
DENVER, CO - Newmont Goldcorp Corporation reported that the dialogue sponsored by the government of Mexico to resolve issues with a trucking contractor and the San Juan de Cedros community (one of Peñasquito’s 25 neighboring communities) has been suspended and that an illegal blockade has resumed.
The Company remains willing to continue good-faith discussions and will be available to resume the dialogue once the other parties recognize their interests are best served by returning to the government-sponsored discussions and not through illegal and unproductive blockades that hurt local communities.
In order to ensure the safety of people, assets, and the long-term viability of Peñasquito, the Company has temporarily suspended operations for as long as the illegal blockade persists.
Over the years, Peñasquito has enhanced water availability to neighboring communities through a number of projects including water treatment plants, new wells, pipelines and water trucks, along with 90 other infrastructure and community development projects.
Through the government-sponsored dialogue process, the Company has offered a number of additional enhancements, including: Identifying new opportunities for local suppliers to contract with the mine – this would include capacity building to help them qualify to meet our standards; Reviewing existing contracts with local suppliers to ensure there is a balance with all of the neighboring communities; Building and operating permanent infrastructure to replace current water supplementation for San Juan de Cedros; and Investing in additional infrastructure and amenities for the Cedros community to further support long-term economic development.
In 2018, Peñasquito produced 272,000 ounces of gold, and the mine directly employs more than 6,500 people while supporting another 20,000 indirect jobs in the region. Since 2005, Newmont Goldcorp has invested approximately US$5 billion in Peñasquito, including US$420 million in the Pyrite Leach Plant in 2017-2018.
The company’s address is 6363 South Fiddler’s Green Circle, Suite 800, Greenwood Village, CO 80111, (303) 863-7414, www.newmontgoldcorp.com.