5/23/12
Coeur's (CDE) (CDM.to) Palmarejo mine on strike since last Friday, no deal reached and no NR from the company
With thanks to reader 'S' for the heads up, we note that Mexican local newspaper El Heraldo de Chihuahua reports a lockout over pay at the Coeur (CDE) (CDM.to) mine in Chihuahua State. The newspaper reports that most of the workers are now happy with the deal reached, but haven't gone back to work due to a 300 person strong picket at the mine gates (only 90 of which are employees, apparently).
Anyway, we though you'd want to know, what with the company not saying a word to you all up there in the land of Mushroom Politics. Here are a couple of shots of yesterday's paper for your dee lek tay shun and if you're a CDE shareholder (disclosure; no position here) perhaps a call to the company IR department is in order, if only to ask just why they think a six day strike is non-material:
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