Canada-based McEwen Mining Inc. says armed robbers took US$8.5
million in gold from a refinery at a mine in Mexico's western Sinaloa
state.
A company statement says the theft occurred Tuesday at the
El Gallo 1 mine and involved 900 kilograms (1984 pounds) of
gold-bearing concentrate containing approximately 7000 ounces of gold.
The company said Tuesday that the crime was being investigated by Mexican authorities.
It said its insurance policies will not be enough to cover the losses. The statement said no one was injured and mining operations were not affected, but did not provide any more details about the robbery.
The Toronto-based company has operations in Mexico, Nevada and Argentina.
A company statement says the theft occurred Tuesday at the
El Gallo 1 mine and involved 900 kilograms (1984 pounds) of
gold-bearing concentrate containing approximately 7000 ounces of gold.The company said Tuesday that the crime was being investigated by Mexican authorities.
It said its insurance policies will not be enough to cover the losses. The statement said no one was injured and mining operations were not affected, but did not provide any more details about the robbery.
The Toronto-based company has operations in Mexico, Nevada and Argentina.
