Severstal’s Nord Gold Decreases Output Guidance for 2011

- December 9th, 2011

Reuters reported that Severstal’s Nord Gold reduced its output expectation for this year after assets underperformed.

Reuters reported that Severstal’s Nord Gold reduced its output expectation for this year after assets underperformed.

As quoted in the market news:

The company said on Friday it now expected annual output to reach 745,000-755,000 gold equivalent ounces, down from its earlier 800,000-840,000 ounces forecast.

Click here to read the full Reuters report.

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