Laguna Gold Ltd.'s Chilean unit Minera Contractual El Toqui, which operates the El Toqui zinc-gold mine, filed for voluntary liquidation or bankruptcy before a civil court in the city of Coyhaique, claiming financial complications, daily La Tercera reported. The company's debt amounts to 39 billion Chilean pesos, and according to its attorneys, the miner's financial troubles began in 2017 due to a delay in the government approval of the project's change of mining system, which affected production. On January 23, 2019 El Toqui, subsidiary of Laguna Gold, called for bankruptcy due to financial difficulties. |