Australia's Wiluna Mining slumps after suspending shipments to Russia

Wiluna Mining

04/03/2022 01:03

** Shares of gold miner Wiluna Mining Corp  WMC.AX  slide as
much as 9.7% to A$0.880, mark their biggest intraday pct loss
since Nov. 24, 2020
    ** Co suspends shipments of gold concentrate from its Wiluna
Mining Centre to Russia in light of current military action in
Ukraine  urn:newsml:reuters.com:*:nGLF9fbcsH
    ** Says it has arrangements in place to sell and ship all
its concentrate to alternative destinations
    ** Adds it will continue to monitor the situation in Ukraine
before making further decisions on the destination of its
product
    ** Shares hit their lowest since July 19, 2021
    ** Volumes are 2.8 times the 30-day average of 149,929
shares
    ** As of last close, stock down 8% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))