Newmont’s Red Chris mine. Credit: Newmont
Newmont (NYSE, ASX: NEM; TSX: NGT) is working to restore communications with three workers trapped underground at its Red Chris mine in northwest British Columbia after contact with them was cut off Wednesday following two collapses.
The company has also deployed a remote-controlled scoop to remove debris and restore access beyond the accident site, a Newmont spokesperson said on Thursday morning.
Three business partner employees remain trapped inside the copper-gold mine, and before communication was cut off on Wednesday, they had confirmed they safely entered a refuge bay. It contains food, water and ventilation sufficient to support an extended stay. Newmont suspended operations at Red Chris following the collapses on Tuesday.
Shares in Newmont, the world’s largest gold miner by production and market capitalization, fell 1.6% on Thursday morning in…
