This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AuRico Gold: 2 Miners Killed In Mining Accident

NEW YORK (AP) â¿¿ AuRico Gold said Wednesday that two miners died in a mining accident in Mexico and that gold production for the rest of the year will likely be somewhat impacted.

Its stock fell 9 cents to $7.93 in morning trading.

The Canadian gold mining company said that the accident at the El Chanate mine in Sonora State happened Tuesday afternoon, when a pressure vessel in one of the three separate ADR processing plants ruptured.

"The occurrence of this incident is incredibly distressing as the safety of our employees and contractors is the company's highest priority and this incident is a tragic shock to everyone," President and CEO Scott Perry said in a statement.

The two people who died were contractors at the mine.

AuRico Gold said that it is currently investigating the accident and that the proper authorities have been notified. The company is planning site-wide safety reviews and repairs for the portion of the processing plant impacted by the accident.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs