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Penasquito.Mine Piles

September 21, 2010

Penasquito.Mine Piles

Penasquito.Mine Piles

“Penasquito is expected to produce about 500,000 ounces a year of gold, 28 million ounces a year of silver, 450 million pounds a year of zinc and 200 million pounds a year of lead,” according to an article in miningweekly.com. If the price of gold per ounce remains this high, Goldcorp can expect to earn around US $600 million per year from gold production alone. These profits do not benefit the people of Mazapil, and for several days in May 2009, residents blocked the entrance to Penasquito, demanding a monetary adjustment for the 6,000 hectares leased out to Goldcorp.

by James Rodriguez

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