Volcan to halt unprofitable mining operations, cut costs amid low metals prices

Peruvian zinc-silver producer Volcan Cia Minera said it is taking additional steps to cut costs and ensure a balanced cash flow amid the significant drop in metals prices.

Volcan said it will temporarily halt operations at loss-making mines, and added that it is reviewing its labour force in both mines and corporate offices.

"Any operation that is unprofitable at current prices will be temporarily suspended," the Lima-based miner...


Danielle Assalve

September 07, 2015

01:26 GMT

Sao Paulo