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.