Orla Mining Falls on Union Concerns
Orla Mining (TSX: OLA)
Orla Mining’s share price fell over 9% as concerns about an ongoing union battle at its Camino Rojo mine in Mexico.
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| Orla Mining | TSX : OLA | |
| Stage | Development | |
| Metals | Gold | |
| Market cap | C$7.55 Billion @ C$22.2 | |
| Location | Mexico + Nevada + Canada | |
| Website | www.orlamining.com |
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Orla Mining Falls on Union Concerns
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Orla Mining (TSX: OLA) Orla Mining’s share price fell over 9% as concerns about an ongoing union battle at its Camino Rojo mine in Mexico.
It has been alleged by the union that was replaced at the mine by a new union that members of a Sinaloa cartel interfered with the vote taken by mineworkers on which union they wished to have represent them.
Clearly the battle is about money, union fees, probably sizeable over the whole of a mine’s labour force over a longer period of time.
This seems to be an issue that keeps rumbling on, and is becoming a bigger issue.
I recently met with management and they stated it’s a battle between unions not involving the company, so am holding my shares, although I feel that somewhere down the line the company will be asked to pay a fine to resolve the matter.
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To view Orla Mining’s share latest price and chart, please click HERE
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Disclosure
At the time of writing the author holds shares in Orla Mining.
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