Jan 10 Operations at Canadian miner Yamana Gold
Inc's El Peñón mine in northern Chile were suspended
"late last week" after underground workers rejected the
company's final offer and one of two unions went on strike, a
company spokesman said on Tuesday.
El Peñón is Yamana's second biggest gold mine by output. It
produced 164,445 ounces of gold in the first nine months of
2016, equal to about 17 percent of the company's gold output.
A company spokesman said he could not immediately be more
specific about when operations were shut down.
Yamana late on Monday announced that operations at El Peñón
had been shut down but did not say when. It also said that
striking workers had been picketing, had set up road blockades
and damaged some equipment.
Asked if further talks with the unions were planned, the
spokesman said Yamana was "committed to reaching a resolution."
The Toronto-based company also said it had reached
collective bargaining agreements with workers at its Minera
Florida operation, also in Chile, and that the mine and plant
were operating at full capacity.
Shares in Yamana were down 0.5 percent at C$4.17 on the
Toronto Stock Exchange, in line with other gold stocks.
(Reporting by Nicole Mordant in Vancouver; Editing by