Gold corp bankrupt

Allied Nevada Gold Corporation, operating in Winnemucca, filed for bankruptcy protection March 10.

Gold prices tend to rise in hard times, and Nevada gold mines thrived after 2007, when the recession got under way. Gold mining troubles now are, if anything, a sign of a strengthening economy.

Allied Nevada has the Hycroft open pit gold and silver mine. The company's debt load was $543 million in October.

Trading in the company's shares was suspended on stock exchanges in New York and Toronto.