Fire River Gold Corp. has decided to shut down its operations at the Nixon Fork gold mine in Alaska as bad weather was delaying flights with fuel supplies. The temporary shut down was imperative as the fuel supply had been delayed for three days.
Company officials said that the crew morale on the site was as high as possible under the given conditions. Chief Operating Officer Richard Goodwin said that the main effect was that it delays the revenue, because they were not producing gold right now.
Share prices of the Canadian company also came down by 19% to 19.5 cents on the Toronto Venture Exchange. The Nixon Fork mine is the only active project of Fiver River Gold Corp as of now. The mine has a 85 people camp and a landing strip besides a power plant, drilling equipment and maintenance facilities. It has been operational since July and is likely to produce 50,000 ounces of gold annually at full capacity.
The Nixon Fork mine is located in the Tintina Gold Belt which extends in a long arc from north of British Columbia to south west Alaska. It is spread out over a 200 km wide and 1,200 km long arc. The mining firm is now looking at increasing the storage of fuel and essential resources at the location of the mine.
Tim Smith, the vice president of the company said that although it was an unfortunate event the Company was doing everything it could to resolve the situation safely and thanked its employees for their patience and its staff for their work plus its air carriers for their support.