First Majestic Silver has initiated a restart plan for its Jerritt Canyon gold mine in Nevada, driven by an expanded Mineral Resource base, stronger long-term gold price assumptions, and successful drilling results over the past two years. As part of this plan, the miner has engaged Stantec Consulting Services to complete a pre-feasibility-level study on Jerritt Canyon, which is expected…
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First Majestic halts mining at Jerritt Canyon
First Majestic Silver is citing high costs and other challenges for the temporary suspension of operations at its Jerritt Canyon mine in Elko County, Nevada. Officials did not indicate how long the mine could remain idled, but said all activities will be cut effective immediately, and its workforce will be reduced at the same time. The silver and gold miner…
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