Vale Q2 iron ore output up 2.4% from a year earlier
The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.
Operations at the Los Filos mine in Mexico have been suspended, after blockades by a group of unionized employees and members of the Xochipala community, Equinox Gold announced on Tuesday.
The group is demanding payments in excess of their contractual agreements.
The Canadian miner had already suspended activities at the operation in September after locals blocked access.
The company withdrew 2020 production and cost guidance for the mine, which had been expected to produce 90,000-110,000 ounces of the company’s 470,000-530,000 total guided ounces of gold for the year.
The Los Filos complex began commercial production in 2008. The operation consists of two large open pits (Los Filos and Bermejal) and one underground mine.
Midday Tuesday, Equinox’s stock was down nearly 4% on the TSE. The company has a C$2.8 billion market capitalization.
