Newmont Reaches Preliminary Agreement With Peñasquito Mine’s Union

DENVER, CO - Newmont Corporation has reached a preliminary agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic aiming to end the strike at Minera Peñasquito in the Mexican state of Zacatecas. The preliminary agreement was ratified by the General Assembly of the Union this month. This preliminary agreement is intended to be formalized into a definitive agreement, which the parties will have to agree, approve, sign, and file with the Federal Labor Tribunal for Collective Affairs in Mexico City for final approval.

This process is expected to conclude in soon, which would bring the strike to an end and enable the Company to start the execution of the return to work plan to ensure a safe restart of operations.