Mexico mining halt to hit silver supply
The country is the world's largest miner of the metal, accounting for roughly 23% of world production.
The country is the world's largest miner of the metal, accounting for roughly 23% of world production.
Mexico’s mining sector will be able to continue operations only deemed to be essential during the public health crisis caused by coronavirus.
Exec chairman John Thornton sells half his stake in gold miner for "personal portfolio considerations."
The company says the pandemic has had no material impacts on its operations.
On a global scale, work is grinding to a halt and mines are being placed on temporary care and maintenance.
The Caribou mine in New Brunswick has been in continuous production since 2015.
The strategy sees it boosting production to 5 million ounces of gold a year, with the bulk coming from its North American operations.
Canadian Malartic, a 50-50 joint venture with Agnico Eagle, is the largest gold mine in Canada.
Activities at the Côté gold project in Ontario are not impacted, as mining, exploration and development have been deemed "essential" activities.
The move comes as the province shutters all non-essential services following a dramatic spike in the number of coronavirus cases.