Work ‘paused’ during cave nearby Yukon-B.C. border, association says

The owners of a Silvertip cave on a B.C.-Yukon limit have dangling operations, citing low prices for lead and zinc.

The cave is located 90 kilometres southwest of Watson Lake, Yukon, and is owned by Chicago-based Coeur Mining. The association bought it in 2017, a year after a subterraneous cave had left into production.

The company’s website says there are 167 employees during Silvertip.

A news recover from Coeur on Wednesday blames deteriorating zinc and lead markets for a “paused” operations.

The marketplace unemployment “represents poignant headwinds to a ability to beget certain money flow,” according to a created matter from association CEO Mitchell Krebs.

The recover says a association will continue to cavalcade for new deposits during a site, in hopes of fluctuating a mine’s life.

It does not contend when mining and estimate activities competence resume.

According to a release, Coeur will also demeanour into expanding a Silvertip indent to boost prolongation when a cave reopens.

The association owns 4 other mines in North America, including a Kensington bullion cave nearby Juneau, Alaska.
 

Article source: https://www.cbc.ca/news/canada/north/silvertip-mine-operations-paused-1.5470807?cmp=rss