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Company News

BUZZ-McEwen Mining Inc: Falls as company suspends dividend

** Canadian miner’s U.S.-listed shares down ~4 pct at $1.64 premarket

** Company suspends dividend of half cent per share on operating issues with its Black Fox mine in Northern Ontario and start up of Gold Bar mine in Central Nevada

** These issues have resulted in lower revenue this quarter and the prudent course of action was to conserve cash and suspend the distribution - Chairman Rob McEwen

** Up to Wednesday’s close, stock had fallen 6.6 pct YTD (Reporting by Shanti S Nair in Bengaluru)

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