Pan American pauses Argentina operations

Pan American Silver announced that it is temporarily suspending its operations in Argentina, including the Manantial Espejo mine, in order to comply with a mandatory national quarantine in response to Covid-19. The company is also suspending supply deliveries and personnel transport at its San Vicente operations in Bolivia to comply with a mandatory national quarantine.

Government to pay $157 to self-employed, non-formal and single-tax workers

As part of the battery of measures designed to cushion the drop in activity caused by the coronavirus, the government announced the creation of an emergency family income, to deliver in April for 10,000 ($157) pesos, which could be repeated in May if the isolation continues. It will aim at workers between 18 and 65 years old, independent, non-formal and mono-tributors of Categories A - average income of 17,400 pesos ($273) per month and B - average salary of 26,100 pesos ($410) per month.

Shares of Argentine companies fall almost 27% on Wall Street

The company most hit was Despegar, dedicated to the sale of air tickets and tourist packages, with a drop of 269% on the day and 57.3% on the month. Given the fall in agricultural commodity prices, the company Cresud, Argentina's leading producer of essential farm goods with a growing presence in Brazil, was also hit with a 13.1% drop. In third place was Ternium with a fall of 9.4%, while the only stock with a rise was Mercado Libre, with an advance of 1.1%.