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Atna Resources files for Chapter 11 bankruptcy

Nov. 19, 2015 11:56 AM ETAtna Resources Ltd. (ATNAQ) StockBy: Carl Surran, SA News Editor
  • Gold miner Atna Resources (ATNAF) files for chapter 11 bankruptcy protection, as it seeks to streamline its operations and restructure its debts.
  • Atna says it is in default of its existing loan and faces severe liquidity constraints, with just $200K in cash on hand as of this week.
  • Atna's restructuring strategy includes trying to sell core and non-core assets while tackling challenges at its Briggs, Calif., and Pinson, Nev., mines.

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