March 5 Kinross Gold Corp said
unionized employees went on strike at its Maricunga mine in
Chile, forcing the Canadian miner to suspended operations at the
The company said on Wednesday the employees went on strike
following the failure to agree on a new collective agreement at
Kinross said it could not predict when the employees would
return to work, or the impact on production due to the
suspension of operations.
The Maricunga mine, located in central-eastern Chile,
produced about 188,000 gold equivalent ounces in 2013.
Kinross said the heap leach facility, which extracts
gold-containing ore, and the processing plant at the mine would
be operational to meet environmental compliance obligations.
Kinross shares closed at C$5.59 on the Toronto Stock
Exchange on Wednesday. Its U.S.-listed stock fell 2 percent to
$4.96 in extended trading, after closing at $5.06 on the New
York Stock Exchange.