Tough day for Midas

IT WAS a good and bad Tuesday for Midas Resources, with news of continued drilling at its Fortitude gold deposit potentially adding extensions to the existing open pit tempered by the termination of an agreement with another mining company over a nickel joint venture in China.

Tough day for Midas Tough day for Midas Tough day for Midas Tough day for Midas Tough day for Midas

Following a trading halt enacted yesterday, the news did more damage than good to Midas' share price, which was among the hardest hit resource stocks in yesterday's session, shedding 11.