GoldSpring Inc., which operates the Plum Mine at American Flat between Carson City and Virginia City, said last week that a group of its existing investors committed $1.8 million in additional financing.
The company plans to bring the mining in-house it's currently handled by a contract mining at an estimated savings of $40 per ounce of gold. That, Gold Spring said, will bring production costs below $350 an ounce.
GoldSpring also plans to spend $500,000 on an exploration program around the Plum Mine.
