CAPITAL MARKETS

Norseman set to post loss

NORSEMAN Gold has downgraded its full-year production guidance and expects to post a loss due to the slow ramp-up of its new mines and the underperformance of existing operations.

Kristie Batten

Norseman set to post loss

The company has been forced to cut its production guidance again, to 55,000-60,000 ounces of gold for the 2011 financial year. The latest cut comes after Norseman slashed its guidance to 65,000oz from...

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