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Norseman Gold output under guidance

DUAL-listed gold producer Norseman Gold has reported gold production of 50,173 ounces for the 2011 financial year, below its previous production guidance of 55,000-60,000oz, and expects to post a loss of $A13-$14 million.

MiningNews.Net
Norseman Gold output under guidance

Norseman had been forced to cut its FY2011 guidance from the original forecast of 105,000-110,000oz due to the slow ramp-up of its new mines and the underperformance of existing operations. It hopes...

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