Someone(s) actually did back up the truck...

cohodk

http://www.bloomberg.com/news/articles/2015-04-07/armed-robbers-steal-8-5-million-of-gold-from-mcewen-mexico-mine?cmpid=yhoo


Armed robbers walked away with an estimated 7,000 ounces of gold, worth $8.5 million at current prices, from a Canadian-owned mine in western Mexico.

The gold was contained in an estimated 900 kilograms (1,984 pounds) of gold-bearing concentrate, a partially processed form of ore, stolen from the refinery at McEwen Mining Inc.’s El Gallo 1 mine in Mexico’s Sinaloa state on Tuesday, the company said in a statement. While McEwen is insured, its policy won’t be enough to cover the entire expected loss, the Toronto-based miner said

roadrunner

I was fearful that stuff like this would eventually happen with the Mexican drug cartels, etc. Lots of little silver and gold miners down there. No longer one of the safer political jurisdictions. And it's only getting to get worse around the world with governments looking to add royalty taxes to miners (or just take over the mines) and the criminals trying to take what they can. Just another "risk" not considered in the "all-in self sustaining" miner's published costs.

Timbuk3

Sick !!! :-(

rawteam1

test...

TwoSides2aCoin

Remember the Amalgam ! er… Alamo ?

ricko

I assume they have a deal with a refinery somewhere.... so, partial recovery, still a nice profit for little work. Cheers, RickO

CaptHenway

Stories like this make me wonder why that much product was being kept on hand. Setup?

BAJJERFAN

<< <i>Stories like this make me wonder why that much product was being kept on hand. Setup? >>



From a process POV that amount was possibly small potatoes.