Australia's Dateline Resources dips on suspending ops at Colorado gold mine

Dateline Resources

06/12/2022 24:56

** Shares of Dateline Resources Ltd  DTR.AX  slip as much as
20.6% to A$0.05, their lowest since March 2021
    ** Gold miner says it has moved its Gold Links mine in
Colorado into care and maintenance while it seeks a strategic
joint venture (JV) partner for its progress
    ** Says it is in talks with several groups on a potential JV
and a package of further debt for future ops of Gold Links
    ** Adds "decision to suspend mining operations was carefully
considered by the board" 
    ** Stock set for its biggest daily pct drop since June 9, if
losses hold
    ** DTR extends losses to a fifth session
    ** About 648,000 shares change hands, compared with the
30-day average volume of 185,000 shares
    ** Stock down 26.7% this year, as of last close
 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))