Shares of Shore Gold have tumbled nearly 50 per cent Thursday, raising questions about the future of the Saskatoon-based mining company.
The shares dropped after Shore Gold failed to seal a financing deal for its Star--Orion South diamond project near Prince Albert.
Joseph Dickson, the investor relations manager for the company, says it was close to a deal, but it could not seal the agreement due to current world economic uncertainties. In a phone call to CTV, Dickson says the project is still advancing, and there is a very interested party, but they are unable to take the next step at this time.
As a result of these developments there have been a number of resignations from the company, including Eric Cline, vice-president of corporate affairs for Shore Gold.
