Miners' Checks Bounce, Newmont Will Pay

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Posted: 9:35 AM Sep 4, 2008
Last Updated: 10:22 AM Sep 4, 2008

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ELKO, Nev. (AP) - Newmont Mining Corp. says it will cover the bounced paychecks of workers who were laid off in August from the Jerritt Canyon Mine by another mining outfit.

Yukon-Nevada Gold Corp., which operated the Jerritt Canyon Mine, laid off about 400 workers last month.

Yukon-Nevada also milled ore for Newmont, which placed a lien on some Yukon-Nevada accounts after the mine shut down.

A Newmont spokeswoman says the gesture will cost Newmont about $400,000.

Newmont, along with Toronto-based Barrick Gold Corp. and Great Basin College, also announced they will jointly fund $15,000 in scholarships for Great Basin College students who lost them after the mine in Elko County shut down.

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Posted by: Terry Location: Sparks, NV on Sep 4, 2008 at 08:58 PM
It's nice to see someone step up and do "the right thing" for those miners and the students. While it may cost Newmont a lot of money up front, what it gains in respect can't be measured in dollars alone. GOOD JOB!!

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