Yamana Gold Resumes Operations at Its El Penon Mine, Chile
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Yamana Gold Inc. has resumed operations at its El Peñón mine in Chile, after successfully concluding negotiations leading to collective bargaining agreements with two unions representing underground workers. The collective bargaining agreements are for terms of 40 and 48 months, and are in line with the company’s preceding final offer.
Operations were suspended on January 7, 2017 after several members of one union had staged a sit in at the employee camp. Operations partially resumed last Friday after these workers relinquished the camp in order to allow for conclusion of negotiations.
The interruption in operations, which have now returned to normal, has not had a significant impact on mine and consolidated production. Further, the company expects to recover production from other operations shorter term and from El Peñón throughout the year.
About Yamana
Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile, and Canada. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and, at times, by targeting other gold consolidation opportunities with a primary focus in the Americas.
To stop by Yamana’s website, CLICK HERE
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