BCD Resources to Close Beaconsfield Gold Mine in Tasmania by June 2012
Investing News Network - December 1st, 2011
IBTimes reported that the Beaconsfield gold mine, owned by BCD Resources (ASX:BCD), will close next year.
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.