Mining is back in the country of Mexico and it seems like the world’s largest silver producer is going to be resuming its operations as of June. Mexico originally declared mining activities to be a nonessential business under the coronavirus restrictions. With a slow rollout of new essential activities occurring across the country since mid-May, miners will be resuming their activities throughout the country on June 1.
Major companies such as Alamos Gold and Newmont Mining will be some of the first to ramp up production but they estimated it would take at least two weeks to resume their full production levels.
Alamos is going to produce a fully updated 2020 production forecast and plan on resuming their gold mining operations in Canada within the next few weeks.
Torex is another company that is targeting a resumption of full production through its mining complex. The plant has only begun processing regular mined materials but they will be continuing to play catch-up from the lost time throughout May.
Other silver miners including the First Majestic, Pan American Silver and Argonaut gold companies are set to unveil their new plan for safe working operations. These companies want to make sure that they can produce a more sustainable working environment that will be safer for employees before they resume work at full capacity.
Mexico is responsible for 23% of the world supply of silver and they also run a series of major zinc and copper mines. The resumption of mining operations in Mexico will allow over 550,000 jobs to resume. The drop throughout April of these jobs being named as nonessential demonstrated one of Mexico’s largest unemployment rates over a monthly decline in the history of the country.
This post was written by Justin Tidd, Director at Becker/SMC. For nearly a half a century, Becker Mining has been at the forefront of industry safety. Becker/SMC is the industry’s leader in increasingly more sophisticated electrical control systems. Most of the major innovations, design features and specialized electrical components have been developed by Becker/SMC. Click here to learn more!