This article focuses on precious metal mining bankruptcies, including the recent chapter 11 filings of Atna Resources Ltd., Santa Fe Gold Corp., Midway Gold Corp. and Allied Nevada Gold Corp. The sector saw a significant uptick in bankruptcy filings as gold prices suffered a substantial drop over the last few years, capital access in the sector decreased and the market for idled mining equipment declined.
Mining and Gold Prices
On Nov, 19, 2015, Atna Resources Ltd. and affiliated debtors filed petitions for relief under chapter 11 in the U.S. Bankruptcy Court for the District of Colorado.
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