California in no rush to mine its gold

Modbee.com reports that California trails the leading gold-producing state, Nevada, by a wide margin.

The other editorial is quoted as saying:

Companies trying to reopen old mines in Grass Valley and near Sutter Creek have slogged through years of red tape, and there are no guarantees of success. The Sutter Creek plan is at least a year away and Grass Valley is several years from reopening. Standing in the way is scarcity of capital and strict environmental standards.

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