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Wednesday, April 15, 2020

Gold Miners Now Deemed "Essential" In Canada

Mining companies with operations in Quebec are wasting no time jumping back into action after the provincial government announced Monday night that mining is now considered an essential service and operations can restart Wednesday.

While miners in Quebec will be heading back to work, the government has also put in place new work policies. According to the new provincial guidelines, mining companies will have to reduce the number of fly-ins and fly-outs from their mining sites and they are encouraged to use more local workers.

Under a new work regime, miners will see their time at work sites extended to 28 days instead of 14.

To maintain social-distancing guidelines, companies will also have to use more chartered planes and shuttle buses to transport their workers

It has not taken mining companies long to react to the news. On Tuesday, Yamana Gold Inc. announced that it was going to restart operations at the Canadian Malartic mine in Abitibi, Canada’s largest gold mine. Yamana operates Malartic in a 50/50 joint venture with Agnico Eagle Mines Ltd.

“The resumption of mining activity will occur over a period of several weeks with full attention to the health and safety of returning employees, contractors and suppliers,” Yamana said.

Along with Malartic, Agnico Eagle said that it is also restarting operations at its LaRonde Complex and Goldex mine.

Eldorado Gold Corp. also said in a statement Tuesday that it is preparing to restart operations at its Lamaque mine in northern Quebec.

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3 comments:

Anonymous said...

Like to know who manipulates the gold markets price should be up over 2000.

Anonymous said...

Toilet paper is "essential " !!!!

Anonymous said...

Well here in the USA Gold diggers are still working in Washington DC!