Post by
hankhenry44 on Mar 21, 2023 10:56am
Jerritt Canyon
Hard to believe Keith got sucked in so bad by Eric Sprott. Paid $470 million for that mine and 100s of millions more to "fix" it. Jerritt Canyon is a GRAVEYARD. There have been numerous operators and they all seem to run it for a while and then sell and get out. Previous operators include Anglogold, Meridian, Quenstake, Yukon Nevada, Sprott and now FR.
Comment by
rockmoney on Mar 22, 2023 1:34pm
Yes, Jerritt Canyon has been a complete disaster. This was always one of the highest cost gold mines in Nevada and no one has been able to make it work. Eric Sprott outplayed Keith big time on this one. Jerritt Canyon will never work and will likely stay closed. Massive writedowns are on the way.