Guyana Goldfields to miss guidance, stock falls to lowest since 2008

Reserves estimated at $115 billion.

The report also says junior miners will continue to be cash strapped for at least another year, as the global mining industry slows down.

Peru's ombudsman office warned about the renewed unrest in the Cajamarca region, where Newmont has its now halted $4.8 billion gold-copper Conga project.

"We still believe in a world where iron ore can be profitable at a cost of 50 dollars per ton.”

Stock drops 7% after lowering its 3-year gold equivalent target by more than 20% or 85,000 ounces.

Copper price slumps 1.8% as Brazil, Russia, India and China growth slows to 2009 levels.

The estimates are "highly uncertain and will remain so until they are extensively tested with production wells."

The Toronto-based gold miner fell 5% after hours on decision to drop project after failing to come to terms with the Ecuadorian government.

Country's gold, copper and silver reserves estimated at $115 billion.