to resume operations at the mine, with production gradually ramping up over time.
The strike at the Peasquito mine, located in Zacatecas, Mexico, had halted production and caused financial losses for Newmont Corp. The company had been in negotiations with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic to reach a resolution and end the strike.
The agreement reached between Newmont Corp. and the Union will bring an end to the strike and allow the resumption of operations at the Peasquito mine. However, it is expected to take several weeks for the mine to fully operationalize and for production to ramp up gradually. This agreement will come as a relief for Newmont Corp. as it will help minimize further financial losses and ensure the continuation of mining activities at one of their key assets.
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