-
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • ‘Illegal’ blockade by individuals halts Cosala mining and production operations
  • American Gold and Silver files legal motions to lift blockade
  • Some participants are union members
  • Company open to ‘good faith discussions’ with union representatives
  • Shares were down 3.84 per cent and traded at C$3.76 per share

A group of individuals have blocked access to Americas Gold and Silver’s Cosala operations, halting mining and production at the site.

Located in Sinaloa, Mexico, the company said it has filed legal motions with both state and federal governments and urged the participants to lift the blockade, believing “worker and community interests are best served by lifting the protest” rather than “an illegal and unproductive blockade”.

It also said that a number of the participants were members of the company’s unionised workers and has indicated that it is “receptive to having good faith discussions with the proper representatives” of the union.

Americas hopes to resolve the situation quickly.

Americas Gold and Silver shares were down 3.84 per cent and traded at C$3.76 per share.

More From The Market Herald

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the
Trulieve Cannabis Corp. - CEO, Kim Rivers.

" Trulieve Cannabis (CSE:TRUL) launching brands in West Virginia

Multi-state cannabis company, Trulieve Cannabis Corp. (TRUL), has begun launching two of its proprietary brands in West Virginia, U.S.

" Gold Lion (CSE:GL) acquires option to MIA LI-3 Lithium Project in the James Bay region

Gold Lion Resources (GL) has acquired the rights to a property option agreement.
The Market Herald Video

" Silver Bullet Mines (TSXV:SBMI) discovers new sulphide vein structures at its Buckeye Silver Mine

Silver Bullet Mines Corp. (SBMI) reported results from its Buckeye Silver Mine in Arizona.