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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (36481)	5/2/2009 12:59:09 PM
From: LoneClone	Read Replies (1) \| Respond to of 193174

Canadian firms shut Mexico mines on govt order miningweekly.com By: Liezel Hill 1st May 2009 TORONTO (miningweekly.com) – Several Canada-based firms with mines in Mexico announced on Friday they will temporarily halt operations to comply with a government order aimed at containing the spread of the H1Ni virus, or 'swine' flu. Vancouver-based Great Panther Resources and Endeavour Silver will both close their mines from May1 – 5, as will Capstone Mining and New Gold. A Presidental decree in Mexico ordered all non-essential government and private sector activities to be suspended for this period, except for essential services and those needed to help fight the swine flu pandemic. Because Friday is a public holiday in Mexico and the five-day period falls on a weekend, there will only be three days of lost production, which will be made up in the coming weeks, Great Panther said. The mining shortfall will be made up by working extra shifts at its Guanajuato and Topia silver mines and both plants have excess capacity with which to process the additional ore. As a result, the company is not expecting any effect on its targeted production for the quarter. Site security will be maintained at both mines, which will reopen on May 6. Endeavour said separately that its management is putting in place a plan to pick up the lost production throughput the remainder of the year so it does not impact the company's annual forecast. Capstone, meanwhile, said its Cozamin mine was ahead of budgeted production in April, and the company is confident that the lost production will be recouped when operations resume.