Aurelian, Miners Plunge as Ecuador Suspends Mining
posted on
Apr 18, 2008 01:59PM
http://www.bloomberg.com/apps/news?p...
By Stewart Bailey
April 18 (Bloomberg) -- Aurelian Resources Inc., planning to develop Ecuador's largest gold deposit, and other miners working in the nation fell after the government suspended some mining for six months while it prepares a new minerals law.
Aurelian dropped C$2.31, or 31 percent, to C$5.05 at 4:50 p.m. in Toronto Stock Exchange trading, after falling 14 percent yesterday...
This is exactly the kind of risk that SGR avoids.
