International market problems are being held up as one of the delays in establishing a diamond mine east of Prince Albert.
For several years, Shore Gold has been attempting to create a mine at Fort a’la Corne.
The company says financing reached an advanced stage of negotiations in 2012, but wasn’t completed due to world economic uncertainties.
In light of this, Shore Gold has decided to lighten the load in its front office.
That includes reductions in company directors, officers and personnel — as well as postponing a plan with SaskPower to construct an electrical power supply for the project.
The moves are aimed at conserving cash.
Last year, Shore Gold recorded a net loss of $9.3 million.
That pales in comparison to a net loss of $219 million in 2011.