by Rob Sabo

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August 19, 2013
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Gold’s decline pinches smaller miners

What a difference a few months can make. Mining companies with operations in Northeastern Nevada started the year flush with cash after riding a years-long wave of high gold prices — just south of $1,700 an ounce to start the new year. Six months later, gold dipped to under $1,200 an ounce, though it recently rebounded slightly and was trading above $1,300 an ounce last week. The dwindling price of gold — it peaked at $1,923 an ounce in September of 2011 — has curtailed the operations and expansion plans of several mid-sized mining companies with sizeable operations in the …

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The Record Courier Updated Sep 2, 2013 12:17PM Published Aug 19, 2013 07:32AM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.