Since a boost which followed the release of a revised feasibility study earlier this year, Canadian mining company Guyana Goldfields has seen its stock value drop by 60% for 2013, according to a report in Forbes.
The losses have hit some major investors in the company, including the massive Boston hedge fund firm run by Seth Klarman, which is biggest shareholder with 19.7% of Guyana Goldfields, a stake recently worth about $30 million. The second biggest investor is Franklin Resources (Templeton), which owns 9.4%.
The price of gold has declined over the past months with the price at US$1284 per ounce on Thursday, according to
