The mining newspaper for Alaska and Canada's North

Fire River shutters Alaska gold mine

Out of money and deep in debt, the junior that aspired to be a gold miner faces the likelihood of losing Nixon Fork to lenders

Fire River Gold Corp. has dug a deep hole at Nixon Fork- not only a drift to the high-grade gold for which the mine is known but also a more perilous financial deficit that could result in the Vancouver B.C.-based junior losing the remote Alaska operation.

Laden by heavy debt and unable to reach commercial production Fire River, in late June, said it was placing Nixon Fork on care and maintenance...

 

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