Pan American is shutting down 2 minning operations in Peru. With tight supply and demand is this a set back for the market. The reason for the closure? Some workers tested positive for the COVID 19 virus.
In total are we talking about 6.3 million ounces?
Pan American has more operations. But the closure of the 3rd and 6th is not good for the supply and demand cycle.
More minnes are going to be closed due to the Corona outbreak. So it will become interesting to see what it will do. It is already at a record high.