North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
For Mining News 

NovaGold hits funding snag, halts mining

Projected cash flow from Rock Creek operation dries up; aggressive miner scrambles to salvage interest in Donlin, Galore projects

 

Last updated 11/30/2008 at Noon



Reeling from regulatory and operating problems at the Rock Creek Mine 12 kilometers, or 8 miles, from Nome and effects of the recent credit drought, NovaGold Resources Inc. Nov. 24 said it has suspended production at the Rock Creek gold mine for at least six months. The move comes less than three months after production startup at the small gold mining project in September.

The Vancouver, B.C....



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