Vancouver — In yet another blow to British Columbia’s beleaguered mining industry,
The suspension, which takes effect in late September, is based on low prices for copper and gold. About 240 workers will be laid off as a result.
Production is expected to resume when metal prices improve.
The open-pit copper-gold mine produced 8.5 million lbs. copper and 24,000 oz. gold during the quarter ended March 31.
Milling grades during the 3-month period were 0.31% for copper and 0.58 gram gold per tonne.
Last year, Imperial acquired the 47.5% stake it did not already hold in the mine from Japan-based Sumitomo for $4.5 million in cash.
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