Australia's True North Copper hits record low on tepid Q4 production

True North Copper

15/01/2024 02:22

** Shares of True North Copper  TNC.AX  fall as much as
10.4% to an all-time low of A$0.086
    ** Stock marks biggest intraday pct loss since Nov 22 
    ** The copper miner says it achieved
less-than-operationally-expected Q4 2023 copper production of
70.38t from SX Plant, Cloncurry project in northwest Queensland
    ** Adds that results were due to changes in power supply
source, failure of tank agitator, among others
    ** About 568,258 shares change hands, compared with the
30-day average volume of 315,949 
    ** Stock lost 12.7% in 2023
    
    

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))