Australia's Sumatra Copper & Gold falls; suspends Indonesian mine

Western Ridge Resources

01/06/2018 02:39

** Shares of gold and silver producer Sumatra Copper & Gold
plc  SUM.AX  fall as much as 5.3 pct to A$0.018
    ** Company says it suspended mining at Tembang gold-silver
operation in southern Sumatra, Indonesia  urn:newsml:reuters.com:*:nFWN1T20XZ
    ** Company lowers 2018 production guidance to 37,500 –
42,500 ounces of gold equivalent (oz AuEq) from 45,000 - 55,000
oz AuEq, due to the suspension 
    ** About 337,000 mln shares change hands, compared with the
30-day average of 288,698 shares
    ** Stock up 26.7 pct this year as of Thursday's close
       

 (aditya.srivastsav.thomsonreuters.com@reuters.net)