Blockade at Equinox Los Filos hinders mine restart

South Africa’s National Union of Mine workers, the biggest labor group at gold mining companies in the country, said it’s deadlocked over pay with the producers after numerous rounds of negotiations.

Moscow bought 26.1 tonnes of gold in July, more than in any other month this year.

Bullion production grew for nine consecutive years to reach an all-time high in 2017.

The offer is priced at a 62% premium to the explorer’s share price at close on June 20, a day before it was announced.

The provincial Secretary of Mines said that eight people have died in similar conditions this year.

Wage negotiations in the gold sector are at a deadlock and the South Africa's National Union of Mineworkers (NUM) has declared a dispute, a move that is one step short of a strike.

Company is assessing the impact of an ongoing outage at the processing plant.

The South African gold miner posted a 43% drop in annual earnings, or a 4.47 billion South African rand loss (about $309 million) and saw fatalities at its operations climb to thirteen, from 5 in 2017.

Gold is hitting new milestones of misery.