Barrick Gold Corp.'s (ABX:TO) Bulyanhulu gold mine in Tanzania is 65% operational despite a labour dispute that has dragged on for four weeks.
"When the strike took place, production went as low as 20%, but it progressively increased to 65 %," said Teweli K. Teweli, Barrick Tanzania's spokesman in Dar Es Salaam.
Demanding that their grievances on pay, health and risk allowances be addressed, roughly half of the 1,971 workers employed at the Barrick mine walked off the job in late October in what the world's leading gold producer called an illegal action.
The striking workers have filed an injunction in a Tanzanian labour court to prevent Barrick from hiring new workers. A decision on that injunction has been pushed back until the end of November to give Barrick time to file a counter affidavit.
Barrick has branded the strike illegal because it said the union failed to notify Barrick management of the action when it began, as per an earlier agreement.
Barrick's share price range during the past week: between $38.27 and $41.15; 52-week high: $43.93; 52-week low: $29.74.