Vatukoula Gold Mines, which owns the Vatukoula mine in Fiji has seen a sharp drop in its stock price as it revealed growing development expenditure it hitting production rates.
In the three months to the end of August the site produced 120,000 tonnes of ore compared to the 115,000 in the preceding quarter but this appears to be below market expectations. The "grade" of the rocks, which means how much gold they actually contain, rose from 3.55 to 3.89 grams per tonne.
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