The decling zinc price has already led to some mine closures across the industry for large playersm however, the problems could be much worse for small Canadian companies that depend on zinc to stay in business.

Stefan Ioannou, an analyst at Haywood Securities, commented about a company called Strategic Acquisition Resource Corp.:

We anticipate Middle Tennessee Mines will have to be put on care and maintenance this fall while the company attempts to re-organize its capital structure and obtain necessary funding, on the order of $40-million, to re-establish its economic stability — this will not be an easy task.

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