Aquarius Platinum Limited (ASX:AQP, LON:AQP) is reviewing its Everest mine in South Africa after output was curbed following a two-week strike that cost 13 production days.
The news has seen the company’s share price drop almost 14 per cent in morning trade on the ASX. By late morning it was down 13.96 per cent to $2.28.
The world’s fourth largest producer is now reviewing it agreement with its contractor.
It says “near-term poor ground conditions” and delays in permitting the open-cast reserves added to the decision.
Aquarius reported a net loss of $9.68 million for 2011.
