Newmont Peñasquito, Mexico miners’ union ink new collective bargaining agreement

Newmont, (NYSE: NEM, TSX: NGT) the world’s biggest gold miner, announced Friday that Newmont Peñasquito and the National Union of Mining, Metallurgical, Steel, and Similar Workers of Mexico have agreed on a new Collective Bargain Agreement for 2024-2026.  The new Agreement, Newmont said, reflects the mutual commitment of all parties, is the outcome of open dialogue and safeguards the rights of all workers and provides a solid foundation for continuing operations at Peñasquito. In 2023, unionized employees at Mexico’s largest gold mine downed tools for over four months, costing Newmont millions of dollars a day. Newmont pegged the financial impact of the dispute at its Penasquito mine at approximately US$1 million a day in maintenance costs and US$2.7 million a day in lost revenue. The work stoppage was the third labour dispute at Peñasquito since the company acquired the mine through its merger with Goldcorp Inc. in 2019. Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com