Forty-seven gold ingots stolen from Fresnillo’s Mexican subsidiary

10.11.2019, 22:26 - eeppo

Local media in Mexico report that armed men robbed a truck carrying 47 gold ingots from the Noche Buena mine, operated by Minera Penmont, a subsidiary of precious metals miner Fresnillo (LON:FRES).

The incident took place Friday evening in the Caborca-Sonoyta section of the International Highway in the northwestern state of Sonora.

The cargo was valued at approximately $26.1 million. Three security guards received non-life threatening injuries during the robbery.

According to Proceso magazine, Minera Penmont is asking state authorities to run an investigation to find out who are the masterminds behind the robbery and who are the people that actually carried it out. 

Noche Buena produced 18% of Fresnillo’s total gold in 2018, which amounted to 167,208 ounces, and generated over 9% of total adjusted revenue. The open-pit, heap leach operation is located in the Herradura District, some 23 kilometres from Penmont’s Herradura mine.