Unionized Workers Initiate Illegal Strike at Sierra Metals’ Yauricocha Mine, Peru
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Sierra Metals Inc. said that employees who are members of the Union of the Mine and Metallurgical Workers of Minera Corona, representing approximately 66 percent of the employees at the company’s Yauricocha Mine in Peru, have initiated a strike action.
The strike is in protest of contractor changes being made as part of regular operations at the Mine. While only the unionized workers have initiated the strike, the company has suspended all mining and milling activities for the safety of all employees as of early Tuesday morning, March 19, 2019. The Peruvian Ministry of Labour upon receiving notification by the Union of their intent to strike indicated that the strike could not proceed. Once the strike materialized, they deemed the strike as illegal under current legislation.
“Precautions have been taken to safeguard all employees as well as the plant, property, and equipment during the strike. Management believes that this strike action will not materially affect the company’s annual production guidance or mine budget,” said Igor Gonzales, President and CEO.
About Sierra Metals
Sierra Metals Inc. is a Canadian-based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and it’s Bolivar and Cusi Mines in Mexico. The company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new discoveries and still has additional brownfield exploration opportunities at all three mines in Peru and Mexico that are within or close proximity to the existing mines. Additionally, the company has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.
To stop by Sierra Metals’ website, CLICK HERE
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