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Royal Gold down nearly 7% on mine suspension, downgrade

Published 12/28/2017, 12:21 PM
© Reuters.  Royal Gold down nearly 7% on mine suspension, downgrade
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  • Due to a lack of sufficient water resources, mill processing operations at the Mount Milligan mine have been temporarily suspended. There should be enough water to restart by the end of January, and full capacity should be reached after April's spring melt.
  • Source: Press Release
  • "Confidence in the turnaround has clearly been shaken again," says Canaccord, downgrading to Hold from Buy.
  • RGLD -6.7%
  • Now read: Royal Gold (RGLD) Presents At Goldman Sachs (NYSE:GS) Metals & Mining Conference - Slideshow


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