Montana gold mine lays off 135 employees, but who cares?

Section:

Not even the gold mining industry itself cares. Besides, there's always plenty of work for central bankers.

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Montana Gold Mine Lays Off 135 Employees

By Susan Dunlap
Billings (Montana) Gazette
Monday, November 30, 2015

WHITEHALL, Montana -- The layoffs of 135 workers today from Golden Sunlight Mine ends open-pit gold mining in Whitehall.

The gold mine, owned by Toronto-based Barrick Gold Corp., announced the layoffs in mid-September, so Monday's departure comes as no surprise. The mine has been in operation since the 1980s.

Thirty-four employees will remain on board. They'll provide support for an underground gold mining project and the processing of the underground ore. The remaining skeleton crew will also continue ongoing environmental compliance, said Dan Banghart, general manager.

Redpath Mining Contractors and Engineers, also a Canadian-owned company, is doing the underground mining. It employs 50 to 60 employees, Banghart said.

Banghart blamed the end of the open pit mining and layoffs on a continued weak gold market that has dipped significantly in the past four years. ...

... For the remainder of the report:

http://billingsgazette.com/news/state-and-regional/montana/montana-gold-...



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