July 31, 2014
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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