Aurelia plunges as production dips

NEW South Wales metals producer Aurelia Mining shares have plunged some 11% in morning trade, after the company revealed that grades and production at its Peak and Hera operations dipped from 54,746 ounces of gold in the June period to 35,499oz for September’s quarter.

Aurelia plunges as production dips Aurelia plunges as production dips Aurelia plunges as production dips Aurelia plunges as production dips Aurelia plunges as production dips

Aurelia had a dark morning on the ASX.

Aurelia shares had gained almost 4% in early morning trade to 79.5c, just shy of its highest point in a decade, most likely driven by an almost 3% rally in gold overnight to US$1223.73/oz as billions of dollars were wiped of global equity markets and investors retreated from risky investments over concerns about rising interest rates and the impact of US president Donald Trump's trade wars.
 
But as soon as the company revealed the grade falls, including that bonanza-grades at the variable Chronos orebody had dropped, the shares plunged to 66.5c before bargain hunters moved in and the company recovered ground.
 
Hera production was off from 17,195oz to a preliminary 13,746oz while Peak production was down from 37,552oz to 21...

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