Australia's Calidus Resources slides most in 3-1/2 months as production drops

Calidus Resources

27/01/2023 01:27

** Shares of gold miner Calidus Resources  CAI.AX  drop as
much as 26.6% to A$0.2825, posting their biggest intraday pct
fall since Oct. 11, 2022 
    ** Co says produced 12,544 ounces of gold from Warrawoona
project in the December quarter, down from 12,836 ounces in the
September quarter 
    ** Says mining volumes and ore movements at project "below
target" due to availability and staffing issues with a
contractor  
    ** Flags improving conditions at project in January 
    ** Sees half-yearly gold production of 31,000 ounces to
36,000 ounces from the project
    ** Stock hits lowest level since Jan. 4
    ** As of last close, CAI up 42.6%
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))