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Canadian mining company confirms mass kidnapping of employees in Concordia, Sinaloa
['Mnd Staff']
Mexico News Daily
A Canadian mining company confirmed that 10 employees were kidnapped from one of its project sites in the northern state of Sinaloa last week and announced that it had suspended work on its flagship Panuco silver-gold venture located nearby.
The incident is under investigation, but information remains limited, according to a statement released by Vizsla Silver mining company late Wednesday.
State authorities have launched search operations in conjunction with federal authorities, including the military.
State authorities also executed a search warrant on Tuesday as part of the investigation, though no additional details were shared.
The Toronto-based weekly trade journal The Northern Miner said Vizsla Silver shares — which had tripled over the past year — plunged 15% on Thursday morning in Toronto, slashing the company’s market value to about US $2 billion.