QMX to suspend DevelopmentQMX will be suspending its capital development initiatives at the Lac Herbin Mine for an undetermined period of time.
QMX Gold will continue to operate the Aurbel Mill where there are 30 employees and there are no reductions presently planned at the Mill. The Mill will continue to treat ore from the Lac Herbin Mine
and will also begin treating ore in early August from the custom milling arrangement with Armistice Resources. Armistice has already shipped its first shipment of ore and it is expected that this arrangement will generate additional revenue for the Company. QMX Gold continues to actively look for new sources of ore to keep the mill operating over the longer term.
https://www.bloomberg.com/article/2013-07-16/aFyqmB9ELGjg.html
Maybe some light (dollars) at the end of the tunnel, Cheers, Mark