Sunday, October 13, 2013

Copperstone gold operation ceasing operations

 American Bonanza Gold Corp. has put its Copperstone gold mine on a 'care and maintenance' status while it tries to find additional investment to bring the mine up to capacity.

Our sources indicate the mine's production reached only about 1/3 of the planned capacity at the same time that the price of gold has dropped 23%.   The price drop is making it difficult for gold companies to raise money.   [Right, aerial view of existing mine operations and targeted underground zones.  Credit, American Bonanza Gold Corp.]    The mine is north of Quartzite in La Paz County in western Arizona.

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