Newmont Corp. confirmed that it has reached a preliminary agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic aiming to end the strike initiated by the union on June 7, 2023, at Minera Peñasquito in the Mexican state of Zacatecas.
The preliminary agreement was ratified by the union’s general assembly on October 5, 2023. It is intended to be formalized into a definitive agreement, which the parties will have to agree, approve, sign, and file with the Federal Labor Tribunal for Collective Affairs in Mexico City for final approval.
This process is expected to conclude soon, ending the strike and enabling Newmont to initiate its return-to-work plan to ensure a safe restart of operations.
