Nevada miners cut back after gold drop

By Tom Ragan
Las Vegas Review-Journal

A gold price plummet of more than 25 percent since January has led to cutbacks in Nevada’s mining industry — a smaller scale version of what the gaming industry faced when the U.S. economy collapsed, local Latin Chamber of Commerce members were told Friday.

Allied Nevada Gold Corp. canceled the expansion of two of its mines just outside Gerlach and halted construction of a 124-unit housing project near Winnemucca, said Dylan Shaver, a spokesman for the Nevada Mining Association.

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