As a result of the incident, activities at the ELG underground mine have been suspended, Torex said, adding that an investigation to determine the cause of the accident will begin shortly.
With this setback, Torex saw its shares plunge on Friday, down 14.7% to C$27.21 apiece by 11:20 a.m. in Toronto. The company’s market capitalization is approximately C$2.3 billion ($1.6bn).
“While the details are very limited at this time, we do know that a 32-year old male, a 36-year old male and a 39-year old male have lost their lives to carbon monoxide exposure,” Torex CEO Jody Kuzenko said in a news release.
Two of the workers mentioned were Torex employees, while the third was a contractor. A fourth contract employee was hospitalized but is expected to recover, the company said.
Mexico investigation
Mexican President Claudia Sheinbaum said on Friday that authorities are also reviewing the case, adding that…
