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Guidance again cut for Challenger gold mine

STRUGGLING gold miner WPG has gone into a trading halt as production guidance was cut by about 30% to 6000 ounces for the June quarter, with the latest forecast coming less than three weeks after the last for its Challenger project in South Australia.

Michael Quinn
Tough times at Challenger.

Tough times at Challenger.

WPG said the cut came despite the "herculean" efforts of WPG management, contractor Byrnecut and Byrnecut's consulting arm Mining Plus. Production for the full year ending June 30 is now put at about...

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