Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.
Torex Gold Resources Mining News
Los Mineros Union, led by expat in Vancouver Napoleón Gómez Urrutia, had been fighting since November 2017, to be the legally constituted union at the ELG Mine Complex.
The miner and the current operating union re-established plant access through a road used during construction.
If a deal wasn't reached by December 15, the company was not going to be able to compensate local employees.
Two men were killed on Saturday at a road blockade mounted as part of a workers demonstration at Torex’s El Limón-Guajes gold mine.
Union leaders say that the arrival of 100 officers of the Mexican Armed Forces to the mine spurred the protesters' anger.
Investors in Torex Gold Resources (TSX:TXG) saw their patience rewarded on Friday with an 11.5 percent bump in the stock price.
Mexico kidnapping: President of mining operation denies reports company’s employees were abducted in Guerrero
Armed men in Mexico have kidnapped at least 12 people in the southern state of Guerrero where 43 students were abducted last year.