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Millions in gold stolen from Canadian mine in Mexico

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528px-Mexico's_Territorial_EvolutionArmed robbers made off with 7,000 ounces of gold worth $8.5 million at current prices from Canadian firm McEwen Mining’s mine in Sinaloa, Mexico, the company said.

“The crime is being vigorously investigated by the Mexican authorities,” McEwen Mining said in a statement late Tuesday.

The loot — gold-bearing concentrate — weighed approximately 900 kilograms (almost 2,000 pounds).

The Toronto-based company added that its insurance would cover part of the loss from its El Gallo 1 mine, but not all of it.

McEwen Mining is led by Rob McEwen who previously steered Vancouver’s Goldcorp to become the world’s fourth-largest gold-miner.


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