Atna Resources (TSX: T.ATN, Stock Forum) Thursday said that given the current state of the gold market it is reducing the pace of underground mining operations at its Pinson gold mine in Nevada, effective immediately.
The company also added that it is withdrawing its previous production guidance for the mine.
Atna said it is now focus on mining developed reserves, while maintaining core personnel and contractors.
Its shares slid 44% to 24 cents on volume of more than eight million shares Thursday.