Thieves heisted about US$1 million of gold from a mining project in southern Argentina run by Vancouver-based Patagonia Gold Corp.
Thieves broke into the gold room at the company’s Cap-Oeste Project in Santa Cruz Province in the early hours of April 17 and escaped with about 500 ounces of gold, the company’s CEO Christopher van Tienhoven said in a statement.
The robbery represents about one month of production from the company’s Lomada and Cap-Oeste mining projects. The company has suspended production pending an investigation and as it implements additional security measures.
Gold was trading at US$1,995 an ounce Monday.
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by Scott Squires, Bloomberg
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