This is how the Business pages cover mine deaths (“shares dropped 29 cents”)
Capstone Mining has shut down its Cozamin copper mine in Mexico after a miner died on the job. The miner became trapped in a piece of equipment during a rock-fall incident on the morning of Nov. 24, the Vancouver-based company said in a news release. Two days after the accident, the body was recovered.
The company, which also produces silver, lead and zinc at the mine, is reviewing its rock support and inspection standards and says mining operations will re-start gradually in each area of the mine after reviews have been completed and any additional safety measures are implemented. Operations are expected to return to capacity over the next week to 10 days, the company says. Capstone was mining at the rate of 3,000 to 3,500 tonnes per day at Cozamin at the time of the shutdown, according to the company website.
Capstone shares dropped 29 cents, or more than six per cent, to $4.30 in trading on the TSX today.
Capstone’s other projects are the Minto gold-copper mine near Whitehorse and the advanced-stage Kutcho project 330 kilometres north of Smithers. The company also announced the resignation of president Stephen Quin in a news release today. Quin will continue to serve as a director.