Apex Mining Co. Inc. subsidiary has temporarily suspended operations at its Sangilo mine in Itogon, Benguet following positive COVID-19 tests results from more than 80 employees. In a disclosure to the stock exchange on Tuesday by Itogon-Suyoc Resources, Inc. (ISRI) the barangay Itogon lockdown was issued on October 23 due to Covid-19 positive cases reported.
According to ISRI, it has increased its disease mitigation efforts and has disinfected the areas where the COVID-19 patients were monitored. The mining firm also ensured that its containment facility is equipped to receive patients.
“The management is also seeking assistance from the local government unit (LGU) to conduct mass testing among its employees in the mine site,” the disclosure said.
The company said its mining operations would resume once contact tracing and swab testing are completed.
“Only those with negative results will be allowed to return to work,” the disclosure said.
Apex Mining has yet to determine the potential impact of the COVID-19-related issues on ISRI’s operations and financial results.
Meanwhile, the company said its Maco mining site in Davao de Oro remains operational and has not posted any COVID-19 infections, adding that health and safety procedures continue to be firmly enforced.
On Tuesday, shares in Apex Mining at the stock exchange rose 4.42% or P0.08 to close at P1.89 per share.
Source: Bilyonaryo ; BusinessWorld
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