Newmont Goldcorp Starting Up Production at Penasquito Mine in Mexico 

  

DENVER, CO - Newmont Goldcorp Corporation reported that it is starting up production at the Penasquito mine in Mexico following the lifting of the illegal blockade on October 8. With the support of the State and Federal governments, including an ongoing police presence, the Company has commenced an approximately 10-day process of bringing back the operation to full production. 

“We appreciate the government’s effort to uphold the law by assuring ongoing access to and from Penasquito while continuing to sponsor the dialogue process, should that continue to be needed,” said Tom Palmer, President and Chief Executive Officer. “Our focus is on ensuring a safe start up of operations so our workforce can return to their jobs in an orderly manner.”

Penasquito has enhanced water availability for the mine’s 25 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. This includes installing and operating a Reverse Osmosis water treatment plant in the Cedros community in 2018 with a capacity of 600,000 liters of drinking water per day. 

Penasquito directly employs more than 6,500 people while supporting another 20,000 indirect jobs in the region. Since 2005, the Company has invested approximately US$5 billion in Penasquito. 

The company’s address is 6363 South Fiddler’s Green Circle, Suite 800, Greenwood Village, CO 80111, (303) 863-7414, www.newmontgoldcorp.com.