Rising operating costs in the mining industry worldwide have forced Vancouver's Yukon-Nevada Gold Corp. (TSX:YNG) to suspend development plans at its Jerritt Canyon mine in Nevada.
The company has shelved its plan to arrange for financing to expand the mine's underground operations.
It now plans to focus solely on its existing production facilities, which remain profitable.
Yukon-Nevada's share price range during the past week: between $0.84 and $0.99; 52-week high: $1.85; 52-week low: $0.72.