Dankoe abandons silver mine in B.C.

Low silver prices and the poor outlook for the metal have prompted Dankoe Mines (VSE) to abandon its mining and milling complex near Keremeos, B.C.

The mine’s underground workings have been shut down since 1980, although the mill has operated intermittently since the mine closure on a custom-milling basis. But the low metal prices which rendered remaining reserves uneconomic now also affect the company’s ability to acquire custom-milling contracts.

Reclamation work is in progress, and the company plans to sell assets located on the property.