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Ivernia shares tumble 23% on mine shut down

Mineweb | April 8, 2011 | 7:55 am
Precious Metals • Australia • Gold

finance mining pen down

Ivernia Inc said it expects to place its flagship lead mine in western Australia under full care and maintenance for an indefinite period and lay off about 83 percent of related workforce amid environmental concerns surrounding the mine, sending its shares down 23 percent to a nine-year low.

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