Published: October 11, 2023 |

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Newmont Corporation said it has reached a preliminary agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic aiming to end the strike initiated by the union on June 7, 2023 at Minera Peñasquito in the Mexican state of Zacatecas.

The preliminary agreement was ratified by the general assembly of the union on October 5, 2023.

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 the coming days, 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.

Newmont is the world’s leading gold company and a producer of copper, silver, zinc, and lead. The company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia, and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. The company is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

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