HiredGoon Posted January 10, 2007 Report Share Posted January 10, 2007 INVESTORS wiped more than $200 million off the value of Bendigo Mining yesterday after unexpectedly low ore grades forced the Victorian gold miner to start shutting down its Bendigo operation barely three months after starting. It is now likely to be a year, or even two, before production can restart as Bendigo seeks to extend drilling under the centre of the city in a bid to prove sufficient gold reserves. Analysts warned it could also take that long to restore market confidence. http://www.theaustralian.news.com.au/story...306-643,00.html Share price on ASX: http://www.asx.com.au/asx/research/Company...ndustryGroup=NO A bit of background - Bendigo is the name of a town which was a large producer during the 19th century gold rush in Victoria's gold-fields. Link to comment Share on other sites More sharing options...
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