Kalgoorlie Mining has announced it will suspend mining operations at the Bullant gold project.
The decision comes after a financial review of the gold mine, which found that due to a combination of missed production targets and high processing costs "the only sustainable outcome was an immediate decision to place the operation on active care and maintenance".
Following this, a number of miners will fired from the mine.
According to Kalgoorlie Mining, it ‘regrets’ the cut but it was "the most feasible alternative to best preserve the value of the project," the company said in a statement.
The miner did not elaborate on how many jobs would be lost in the ‘reduction’.