LME Gold
 Date AM Midday      PM 
28-May 1720.00 1721.50 1719.00
27-May 1708.40 1709.40 1700.70
26-May 1726.20 1727.70 1722.30
22-May 1731.10 1732.70 1733.30
21-May 1736.70

1736.80

1732.40
20-May 1747.90 1748.20 1745.10
19-May 1733.60 1733.00 1736.90
18-May 1755.90 1762.60 1736.30
15-May 1733.00 1730.40 1735.10
14-May 1715.40 1712.20 1728.00
13-May 1701.90 1703.00 1707.30
12-May 1701.20 1701.00 1704.60
11-May 1703.70 1702.70 1705.30
07-May 1689.80 1691.00 1699.40
06-May 1702.30 1704.00 1697.00
05-May 1698.20 1699.40 1701.60
04-May 1702.40 1702.00 1705.90
01-May 1676.10 1682.60 1687.40
USD\EUR 0.9085
CNY\EUR 0.1269
CHF\EUR 0.9361
CAD\EUR 0.6590
AUD\EUR 0.5993
EUR\USD 1.1007
CNY\USD 0.1397
CHF\USD 1.0304
CAD\USD 0.7254
AUD\USD 0.6597

More production woes at Great Panther

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(Kitco News) – High rainfall and pit congestion forced Great Panther Mining (TSX:GPR) to announce Thursday another downward revision in guidance.

The company said its annual consolidated guidance is adjusted to 142,000 – 149,000 gold equivalent ounces, an approximate 6% decrease from the midpoint of the prior production guidance range of 150,000 to 160,000 gold equivalent ounces.

The company was down 10.77% to 58 cents a share as of 11 a.m. ET.

Last month the company revised guidance downward after reporting wall deterioration at its Urucum central south pit, part of its Tucano Gold Mine in Brazil.

But changing the mine plan has resulted in more complications.

“Following the geotechnical incident which suspended mining at Tucano’s Urucum Central South pit (“UCS”) on October 6th, production was accelerated from Urucum North and Urucum South pits,” writes the company. “Mining from these two pits has since encountered lower than expected productivities due to higher than normal rainfall, increased pit congestion due to more constrained mining geometries, and smaller blasts needed to separate ore and waste to reduce dilution.  These collective factors paired with ore variability resulted in lower than expected production.” 

The company has been rocked by events this fall. Two employees died at its mines in workplace accidents. The company also removed its CEO.