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London-listed miner Fresnillo says the chemical and water leak it suffered at a gold and silver mine in Mexico is “limited in scale” and has not disrupted operations.

The company said the Mexican authorities have inspected the leak, concluding “the situation is of limited scale”.

Fresnillo added that 85 per cent of the affected area has been “remediated” and that the whole area will have been “remediated” by Friday.

It said it expects no material financial impact or loss of production will result from the incident.

Fresnillo offered a reminder that it:

remains committed to the highest standards of operating and environmental best practice in accordance with our previously stated policies, and an investigation into the reasons behind this incident is underway.

Fresnillo shares fell 8.5 per cent this morning, but have since recovered most of those losses and are now down just 0.5 per cent.

Copyright The Financial Times Limited 2017. All rights reserved.
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