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8/12/15

The latest Mexico gold mine heist: Newmont (NEM) and Fresnillo (FRES.L) robbed of 300kg of gold

Mexico's dailies are running plenty of reports of the theft from the Penmont (the JV between Newmont (NEM) and Fresnillo (FRES.L)) La Herradura mine  of 300kg of gold (9,645 oz) yesterday. Apparently a gang of about 20 thieves rolled up to the mine in Hermosillo, intercepted a vehicle transporting the gold, then overpowered all employees and guards before making clean away with all the booty.

If those quantities quoted in reports are right, that's about U$10.6m worth of gold.

Ty GS for the headsup