“This referendum is clearly unconstitutional and filled with irregularities. We are disappointed with the actions of these groups who use these biased referendums to create doubt and uncertainty around responsible mining projects such as Cerro Blanco,” the company’s president and CEO, Jack Lundin, said in the statement.
Bluestone Resources said its legal counsel believes the results of the referendum will not be legally binding, as it went ahead despite a judge’s ruling suspending it.
The Vancouver-based company acquired Cerro Blanco from fellow Canadian miner Goldcorp in 2017 for $18 million plus shares valued at about 9.9% of Bluestone’s capital.
The miner decided to postpone the beginning of operations as it decided that underground extraction should be switched to open-pit.
The change in mining method responded to the results of advanced engineering and optimization work that revealed an opportunity to capitalize on…
