GOLD 1748.75 $/ozChange: 11.98
PLATINUM 1654.00 $/ozChange: 8.00
R/$ exchange 7.57Change: -0.01
R/€ exchange 10.04Change: -0.13
 
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By: Matthew Hill
 
Shares in Canada’s Nevsun Resources shed around 30% of their value on Tuesday, after the company slashed its 2012 gold output guidance by half, saying it had over-estimated parts of its Eritrean mine’s resources. Bisha produced 379 000 oz of gold in 2011, and Nevsun expects 2012 output to be between 190 000 oz to 210 000 oz , it said.
 
 
 
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