The new vein, named Yessi, has a geochemical signature indicating a potentially different phase of mineralization containing a higher gold to silver ratio and low levels of base metals.
The Peruvian Ministry of Energy and Mines is offering credits to artisanal and small-scale miners with the goal of fostering environmentally friendly practices.
The company pegged the financial impact of the dispute at its Penasquito mine at approximately $1 million in maintenance costs and $2.7 million a day in lost revenue.