Month: December 2017

Torex Gold Resources Inc. announces, with great regret, that it has suspended the employment contracts of its workforce in Mexico. This suspension is the direct result of an illegal blockade of its ELG Mine, by the Los Mineros Union, an outside union that wants to take over representation of the employees who already have a union. Since the blockade began, on November 3, 2017, the Company has continued to pay its workforce, except for the minority that have participated in the illegal blockade. The suspension of the employment contracts was effective on December 16, 2017, and will affect all employees in Mexico, with the exception of a small number that will manage the Company’s ongoing responsibilities.

Fred Stanford, President and CEO of Torex stated: “Our thanks go out to the hundreds of individuals who have stepped up and publicly illustrated that the Company is making a meaningful contribution to society and that they are proud to be a part of that journey. With such an overwhelming show of support by our employees through this vote, we hope Los Mineros will remove its illegal blockade and let workers get back to work so that they can provide a good Christmas for their families. It is now clear that Los Mineros does not speak for our union eligible employees, who do not want their disruptive presence through the continuation of the blockade.” He added, “If Los Mineros, and their supporters, UNIFOR, and USW, are not legitimately speaking for our union eligible employees then presumably they are speaking for someone else. We assume they are speaking for themselves, and their political agendas in the Mexican federal presidential election and in the NAFTA negotiations. We would hope that these outside unions keep their political actions to the political arenas, and let the employees get on with their lives and go back to work. If Los Mineros, USW and Unifor truly care for these workers, then they will honour the workers’ vote and immediately lift the blockades, and limit political activity to political arenas.”

Harvest Gold’s President and CEO Rick Mark states: “Recently a meeting of the Harvest Gold/Evrim Resources geological team was held in Vancouver. Priority drill targets were selected in both the main Cascaron gold vein field and the silver-rich Cascarita prospect. With the knowledge gained from the fall 2017 Phase 1 exploration program, which included rock and soil sampling results, geologic mapping and adit sampling results, we have a high level of confidence in our targeting and are looking forward to having these high priority targets tested. Our Joint Venture partner expects the drill permitting process to be complete by the end of January.”