A settlement has been reached between Gold King Consolidated (VSE) and the mining contractor at the Adelaide Crown gold mine in Nevada. Operations at the mine were suspended recently as a result of a dispute over contract terms. Mining and crushing operations are expected to resume within a few weeks.
Under the agreement, Gold King received adjustments on certain outstanding invoices as well as cost reductions for future services.
Target Construction, the contractor, will remain as the primary mining contractor on the site.
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