November 17, 2009 / 4:20 PM / 8 years ago

Metanor to restart Bachelor Lake mine, shares jump

* To restart operations at Bachelor Lake mine

* Shares up almost 20 percent

TORONTO, Nov 17 (Reuters) - Shares of junior Canadian gold miner Metanor Resources Inc (MTO.V) rose almost 20 percent on Tuesday, after it announced plans to restart operations at its Bachelor Lake mine in Quebec, which had been shut down after a fatal accident at the site.

Earlier this month, three miners died at Bachelor Lake, after a section of the mine about 500 metres (1,600 feet) below the surface flooded. [ID:nN02456651]

Metanor said authorities in Quebec have now authorized it to resume work at the mine.

The company has yet to say what caused the flooding at the site.

Shares of Metanor were up 9 Canadian cents at 58 Canadian cents on the TSX Venture Exchange on Tuesday morning. (Reporting by Euan Rocha; editing by Rob Wilson)

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