Newmont Announces it has suspended operations at Peñasquito Silver mine in Mexico

On June 7, 2023, the Union notified the Company of a strike action demanding an increase in the uncapped profit sharing benefit provided for in the CBA from 10 percent to 20 percent

DENVER--(BUSINESS WIRE)--Jun 8, 2023--

Newmont Corporation(NYSE:NEM,TSX:NGT) announced today it has suspended operations at the Company’s Peñasquito mine in Mexico while refuting claims by the National Union of Mine and Metal Workers of the Mexican Republic (“the Union”) regarding violating legal regulations and labor agreements. The Company urged the Un…