Yukon-Nevada Gold Corp.

Citing concerns over profitability, Yukon-Nevada Gold Corp. has laid off 240 employees at an Elko County mine. The company has turned its Jerritt Canyon Mine over to a contractor, but plans to keep operating mill and roaster facilities at the site. As a mid-tier mining company, Yukon-Nevada was unable to mine at a profit in the face of inflation and high costs associated with mining, said the president and CEO. Yukon-Nevada purchased the gold mine from Queenstake Resources last year. Workers will be able to find jobs at other local mines because experienced miners are in high demand across the region, said a company spokeswoman.