CIBC Downgrades AuRico Gold (AUQ) to Sector Perform

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Go back to CIBC Downgrades AuRico Gold (AUQ) to Sector Perform

AuRico Gold (AUQ) Slammed Following Ocampo Update; Sees Lower Production, Higher CapEx

September 5, 2012 11:47 AM EDT

AuRico Gold (NYSE: AUQ) is getting slammed Wednesday following an update provided by the miner for its Ocampo Mine site in Mexico.

Shares are over 19 percent lower on the session.

According to the release:

"As previously reported on July 16, 2012, production in the second quarter of 2012 was negatively impacted by an unusually high turnover of skilled labour that significantly reduced underground ore development in the... More