Newmont, Mine Collapse Traps 3
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Three workers who were trapped at a gold and copper mine in Western Canada have been rescued after more than 60 hours underground. Red Chris mine operator Newmont Corp. said the three men were safely brought to the surface late Thursday after being trapped underground by two rockfalls Tuesday morning.
Newmont (NYSE, ASX: NEM; TSX: NGT) is working to restore communications with three workers trapped underground at its Red Chris mine in northwest British Columbia after contact with them
Newmont's Q2 earnings made investors quite happy because the company delivered another upbeat quarter. Click here to find out why I rate NEM stock a buy.
The company said that the three trapped workers are business-partner employees, two from British Columbia and one from Ontario. They were working more than 500 meters (more than a quarter-mile) past the affected zone when the first rocks fell, and were asked to relocate to the refuge before the second rockfall.
Newmont Corp (NEM) reports robust financial performance with record free cash flow and a significant increase in share repurchase authorization, despite operational challenges.
Three workers who were trapped at a gold and copper mine in Western Canada have been rescued after more than 60 hours underground.