BCD Resources to Close Beaconsfield Gold Mine in Tasmania by June 2012

IBTimes reported that the Beaconsfield gold mine, owned by BCD Resources (ASX:BCD), will close next year.

As quoted in the market news:

It is no longer viable to mine below the current depth of 1,210 metres given current gold prices since below the current mine base, gold mineralization thins.

Click here to read the full IBTimes report.