Robbers escape by air after stealing gold bars from Canadian mine in Mexico

By CanadianInvestor / April 09, 2020 / www.canadianinvestor.com / Article Link

Share this article

TORONTO - Canadian mining firm Alamos Gold Inc. reports that a group of armed robbers intercepted gold dore bars on the runway at its Mulatos mine site in Mexico, then staged a dramatic escape in a separate light aircraft.

In a statement in Spanish, Alamos's Mexican subsidiary Minas de Oro Nacional says five heavily armed people subdued security guards who were loading the bars for transport on a plane on Wednesday morning.

At the same time, it says, a light plane, described as a "Cessna-206 type," landed, and within 10 minutes the aircraft, the armed group and the bars were airborne and headed towards the mountains.

Alamos spokeswoman Rebecca Thompson says no one was hurt in the dramatic robbery, adding another mine, owned by Mineria Penmont, a subsidiary of Fresnillo, was robbed a few weeks ago.

She says the Mulatos loss is covered by insurance.

In a report, National Bank analyst Mike Parkin says 2,600 ounces of dore bars, an alloy of gold and silver, were taken, but Thompson could not confirm that figure.

This report by The Canadian Press was first published April 9, 2020.

Companies in this story: (TSX:AGI)

The Canadian Press

Recent News

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com

Gold stocks near flat as equities dip

April 15, 2024 / www.canadianminingreport.com

Revenue estimates for gold stocks have remained relatively flat

April 08, 2024 / www.canadianminingreport.com

Gold stock valuations remain low even after price surge

April 08, 2024 / www.canadianminingreport.com

Gold stock to global money supply far from bubble territory

April 01, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok