Jerritt Canyon to suspend underground mining and layoff 240 employees

Yukon Nevada Gold Corporations corporate and mine management announced Friday that they will suspend its underground operations, leaving 240 employees without jobs.

This announcement comes after a review of mine operations at the Jerritt Canyon Mine north of Elko. Yukon says it will now focus solely on operating the more than 4,000 tons per day mill.

Spokeswoman Nicole Sanches says Yukon is working with Barrick and Newmont Mining companies to get their employees new job placement.

Yukon also announced that they have contracted with SMD Small Mine Developers to take over mining at Jerritt Canyon.