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Gold Resource adheres to Mexico’s health emergency orders temporarily suspending all non-essential activities

The company will temporarily close its Oaxaca mining operations in Mexico to adhere to the government's 30-day suspension of non-essential activities

Gold Resource Corporation - Gold Resource adheres to Mexico’s health emergency orders temporarily suspending all non-essential activities
The company has operations in Mexico and brought its second mining unit, in Nevada, US, online last year, with its Isabella Pearl mine going into production

Gold Resource Corporation (NYSEAMERICAN:GORO) said Thursday that the company’s Oaxaca mining operations in Mexico have been temporarily closed in line with a national public health emergency declared by the country's government aimed at containing the fast-spreading coronavirus (COVID-19).

On Monday, Mexico’s General Health Council ordered the suspension of non-essential activities until April 30. It also issued stricter rules banning people from congregating for public, private and social activities to contain the fast-spreading coronavirus after Mexico’s number of cases surged past 1,000 and the death toll rose sharply.

The miner said it is in the process of furloughing its Oaxaca Mining Unit workforce, none of whom have been diagnosed with the virus.

READ: Roth repeats a 'Buy' on Gold Resource Corp and says exploration will be a key catalyst this year

The company said a "limited operational staff" will maintain safety and environmental systems at the Oaxaca Mining Unit, along with "performing care and maintenance" with the goal of returning to production as quickly as possible once the thirty-day suspension is lifted.

Due to the mandated shutdown, the company said it is suspending its 2020 production outlook.  

Meanwhile, the company’s Nevada Mining Unit is currently operating, said the company, while “adopting precautionary measures to keep employees safe.”

The company has operations in Mexico and brought its second mining unit, in Nevada, USA, online last year, with its Isabella Pearl mine going into production. 

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

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NYSEMKT:GORO
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