The new owner of Haile Gold Mine expects to spend $380 million on the Lancaster mine to bring gold to market. That’s up 14% from an earlier estimate before Australian-based OceanaGold Corp. bought the mine, which is located outside of Kershaw. That additional expenditure will go to buy more loading equipment at the mine along with improvements on the site to increase efficiency and improve the yield of gold to be pulled from the hillsides in Lancaster County. In a report issued this morning…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/outside_the_loop/2016/02/new-haile-gold-mine-owner-to-spend-more-sees-stock.html
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