https://www.miningweekly.com

Great Panther Silver fined for explosives theft at Mexican mine

13th February 2016

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Primary silver miner Great Panther Silver has paid a fine assessed by Mexican authorities after explosives were stolen from one of the mines at its Guanajuato mine complex.

The company on Friday announced that the fine paid was not expected to materially impact on its financial results, though operations at the mine were again temporarily suspended, until all administrative matters were concluded.

While the Cata plant was also halted, the company did not expect the temporary suspension to affect its 2016 guidance of 4-million to 4.2-million silver equivalent ounces.

Although the Mexican regulatory authority responsible for permitting and regulating the use of explosives had concluded its inspection regarding the theft, Great Panther advised that an internal investigation was ongoing and that the company had already taken several steps to increase security and safeguard its operations against further theft.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.209 0.244s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: