Severstal’s Nord Gold Decreases Output Guidance for 2011

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.