Eastern Goldfields suspends Davyhurst mining operations
Published by Nicholas Woodroof,
Editor
Global Mining Review,
The company has been attempting to mitigate spending while engaged in a proposed recapitalisation fundraising; as a result of the temporary suspension approximately twenty operational staff as well as approximately sixteen corporate and administrative staff have been made redundant. A number of contractors have been stood down.
Eastern Goldfields will continue to produce gold in the short-term by removing all gold-in-circuit.
A statement from the company said that these decisions were ‘prudent in the short-term’.
Read the article online at: https://www.globalminingreview.com/finance-business/04092018/eastern-goldfields-suspends-davyhurst-mining-operations/
You might also like
Addressing The Battery Market's Elephant In The Room
Priya Sreenivasan and Naphtal Haya, DNV, highlight the importance of clear regulations around transparency in the cobalt supply chain amidst the energy transition.