leadf
logo-loader
viewTelson Mining Corporation

Telson Mining pauses Mexican operations after country suspends non-essential businesses

Telson immediately commenced the process of winding down operations at its Campo Morado mine and plans to reduce its workforce

Vial of blood labeled 'coronavirus + positive' held in front of the Mexican flag
Campo Morado is a polymetallic base metal mine with mining and milling equipment capable of producing up to 2,500 tons per day

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) has temporarily stopped operations at its Campo Morado mine in Mexico after the country’s ministry of health ordered the suspension of all non-essential public and private businesses due to the coronavirus (COVID-19) pandemic.

The order became effective on March 31 after its publication in Mexico’s Official Gazette of the Federation, the country’s main government publication.

Telson said it immediately commenced the process of winding down operations at its Campo Morado mine in Guerrero, Mexico. The company is also in the process of reducing its workforce in order to comply with the order.

READ: Telson Mining looking to maximize potential profit as Campo Morado mine comes back online

"The health and safety of our employees, union partners, contractors and the communities in which they work and live are a priority," CEO Ralph Shearing said in a statement. "We will continue to provide significant support to our employees and where possible to local community residents. To date, Telson has not experienced any incidents related to COVID-19 at its sites or corporate offices."

Appropriate security and environmental procedures will remain fully functional during the suspension, the company said.

Campo Morado is a polymetallic base metal mine with mining and milling equipment capable of producing up to 2,500 tons per day.

In February, the company announced that the Campo Morado mill had processed nearly 41,000 tons of material including zinc and lead concentrates since being brought back online in January.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com 

Follow him on Twitter @andrew_kessel

Quick facts: Telson Mining Corporation

Price: 0.25 CAD

TSX-V:TSN
Market: TSX-V
Market Cap: $43.84 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Telson Mining Corporation named herein, including the promotion by the Company of Telson Mining Corporation in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Telson Mining restructures loan as company turn focus to construction at...

Telson Mining (CVE: TSN- OTC: SOHFF) President and CEO Ralph Shearing joined Steve Darling from Proactive Vancouver with news the company has been able to negotiate with Nyrstar to allow Telson to avoid a cause for default by granting Telson a waiver on their loan. Shearing discusses why this...

on 06/22/2020

2 min read