BUZZ-Rubicon Minerals Corp: Suspends Phoenix operations

Tue Nov 3, 2015 1:26pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Gold miner's shares plunge 54.3 pct to 26 Canadian cents

** Stock hits 18.5 Canadian cents, its lowest since 2001; record 17.7 mln shares traded

** Company suspends operations at Phoenix gold mine in Ontario

** Temporarily lays off about 200 employees and 110 contractors, representing 87 pct of company employment

** Says to work with SRK Consulting (Canada) Inc and produce a Phoenix project implementation plan

** Up to Monday's close, stock had fallen nearly 39 pct this year