Rubicon Minerals Corp shares plunge as miner slashes its gold resources by 88%

Junior miner Rubicon Minerals Corp. has slashed its gold resources by an astounding 88 per cent, confirming the company will go down as one of the worst Canadian mining meltdowns in years. The stock plunged 68 per cent on Monday, as this news crushed any remaining investor confidence in the formerly high-flying company. Rubicon has hired…