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Aurelia's Dargues to be impaired as grade goes missing

AURELIA Metals delivered some major bad news today, with the revelation that its Dargues gold mine in central New South Wales is not as well-endowed as it expected.

Haydn Black
The outlook at Dargues is anything but sunny

The outlook at Dargues is anything but sunny

As part of its life-of-mine planning for the asset Aurelia has determined that the grades it expected when it purchased the mine are about 15% lower.   It'll now take a A$60-80 million non-cash impairment...

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