$8.5mn Worth Gold Stolen From Canadian Mine In Mexico

The Canadian mining McEwen Mining was the victim on Tuesday, a spectacular robbery at one of its mines in Mexico which criminals appropriated 7,000 ounces of gold worth $ 8.5 million, according to the company.

“The insurance company will not be enough to cover the entire loss,” lamented McEwen said in a statement released Tuesday night.

Gunmen robbed the precious metal in the El Gallo 1 mine in the state of Sinaloa, on the coast of the Gulf of California (northwestern Mexico).

“About 900 kilograms of gold concentrate containing approximately 7,000 ounces of gold were stolen,” said McEwen, a mining company based in Toronto.

“Mexican authorities investigating the crime,” said the Canadian company, but said that activities in the El Gallo 1 mine continue despite the incident.

The statement added that no one was injured and mining operations were not affected, but gave no further details about the theft.

Toronto firm has operations in Mexico, Nevada and Argentina.