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Mexico Ministry of Health Orders Thirty-Day Suspension of All Non-Essential Business Including Mining

Mining News - Published on Thu, 02 Apr 2020

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Gold Resource Corporation announced today that the Mexican Ministry of Health proclaimed a national health emergency with an immediate suspension order of all “non-essential” public and private sector business in order to mitigate the spread and transmission of the COVID-19 virus. The order became effective on its publication date in the Official Gazette of the Federation (dated March 31, 2020) and remains in place for a period of 30 days, from March 30 to April 30, 2020. This suspension order temporarily closes the Company’s Oaxaca Mining Unit operations in Mexico.

Gold Resource Corporation is in the process of furloughing its Oaxaca Mining Unit workforce, none of whom have been diagnosed with the virus. A limited operational staff will maintain safety and environmental systems at the Oaxaca Mining Unit along with performing care and maintenance with a goal to return to production as quickly as possible once the thirty-day suspension is lifted. Due to this mandated shutdown the Company suspends its 2020 production outlook.

The Company’s Nevada Mining Unit is currently operating while taking numerous precautionary measures to keep its employees safe. As this unprecedented situation continues to evolve on often an hourly basis, we appreciate our shareholders’ support as we navigate the impacts of the COVID-19 pandemic on the business world.

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

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Posted By : Rabi Wangkhem on Thu, 02 Apr 2020
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