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Goldcorp Slumps Most Among Major Gold Miners on Mexico Shutdown

  • Co. says Penasquito suspension shouldn’t affect 2016 guidance
  • Desjardins analyst says quick mine restart may be challenging

Goldcorp Inc. fell the most among large gold producers after the Vancouver-based company said it was halting work at one of its biggest mines amid a labor protest.

Four days after saying a blockade at the Penasquito mine in Mexico wasn’t affecting operations, the company announced a “controlled shutdown.” The shares lost as much as 5.4 percent, and were down 4.6 percent at 3:31 p.m. in Toronto, making it the worst performer on the BI Global Senior Gold Valuation Peer Group.