Top Colombia Gold Miner Faces Production Halt Amid Protests
- Existing sockpiles to run out by Friday, CEO Paredes says
- Halt could endanger company’s 2016 production target
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Gran Colombia Gold Corp. will have to halt production by Friday if protests at its operations don’t end by then, a further headache for the Colombian government as it struggles to enforce regulations governing the country’s gold industry.
Miners operating without permits inside Gran Colombia Gold’s concession have blocked roads since Monday, preventing company workers from reaching the main mining complex, according to Chief Executive Officer Lombardo Paredes. The company is still producing gold from stockpiles, although these will soon run out.