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idle and fond bondage

Argonaut Gold (AR.to) and more negative optics for Mexico mining

What Argonaut Gold (AR.to) tell you is this:
TORONTO, Oct. 29, 2019 /CNW/ – Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces that the El Castillo
mine is subject to an illegal blockade.  At this time, leaching and
gold absorption operations are continuing and metal production has not
been impacted.


The Company has a legal and binding agreement in place with Atotonilco ejido that was signed and recognized by both the Atotonilco ejido and the Mexican government in 2012 and runs through 2022.  The Company understands that certain members of the Atotonilco ejido are seeking to amend the binding agreement in a manner inconsistent with the existing agreement and the law.


The Company is attempting to work with the Atotonilco
ejido and the government to resolve this issue in a mutually
satisfactory manner.  Argonaut reaffirms its commitment to treat all
local ejidos fairly and work with its local communities in an open and
transparent manner for the benefit of all stakeholders. 
What they don’t tell you about the community landowners (ejido) of Atotonilco is that Argonaut pays them 13,800 Pesos per hectare for use and rights to their land. However, in separate agreements with other ejidos in the area, they pay 17,000 pesos. And that the locals have been riled about this for a long time and threatening to take the action they’ve now done since August, but AR has just laughed in their face and practically told them “You’re the stupid people that signed the legally binding contract, not our fault we pay you less!!” How the ripping off of one set of locals compared to others “...reaffirms its commitment to treat all
local ejidos fairly and work with its local communities in an open and
transparent manner for the benefit of all stakeholders
” is beyond my ken.

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