TSX Venture Exchange plunges 1.96%

The mine’s four-week trailing average production reached almost 1,900 ounces, below the 2,000 to 2,500 ounces range Hummingbird expected.

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Speculators have reduced net-long positions by 3.6%.

Nine drill rigs are working a 30,000-35,000 metre program, with results feeding into future resource estimates.