Discount raising sends Navigator shares tumbling

NAVIGATOR Resources’ shares have spiralled downward on news the company will raise up to $A31.7 million to fund the acceleration of the Cockburn open pit as the Bronzewing gold mine falls short of expectations.

Discount raising sends Navigator shares tumbling Discount raising sends Navigator shares tumbling Discount raising sends Navigator shares tumbling Discount raising sends Navigator shares tumbling Discount raising sends Navigator shares tumbling

Navigator decided to revise the mine plan for Bronzewing after it was forced to downgrade annual production in April to 75,000 ounces of gold from 100,000oz.

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