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Junior Gold Miner Slides On Updated Guidance

Published 2018-07-16, 12:39 p/m
Updated 2023-07-09, 06:31 a/m

Speculators punished shares of a junior gold miner Monday following an operational setback. Here’s some small stocks making big moves on Monday, July 16, 2018 (as of 11:30 am EST):

Guyana Goldfields Inc. (TO:GUY) shares slid 19% to $3.92 on Monday after the junior gold miner announced that it is adjusting its 2018 annual production and cost guidance to 175,000-185,000 ounces of gold, from 190,000-210,000 ounces, with an expected increase in its all-in sustaining cost to US$945-$995 per ounce, from $830-880 per ounce.

As well, shares of Edgewater Wireless Systems Inc (V:YFI) climbed 17% to $0.21 as the next generation WiFi provider said it has been awarded Approved Wireless Vendor status at Mediacom Communications.

The Hydropothecary Corp (TO:HEXO), meanwhile, reported the launch of Fleur de Lune, its first medical cannabis oil for personal use. Hydropothecary stock eased 7% to $4.34 following the announcement.

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