Highfield Resources (ASX:HFR) said the Navarra government in Spain received an adverse court decision related to the mining firm's Goyo concession grant, according to a Wednesday filing with the Australian bourse.
The court cited a formality error in the coordination process related to the granting of the mining concession as the basis for its decision.
The Navarra government is currently reviewing the decision to resolve the matter, while the company is in talks with mining authorities, the filing added.
Shares of Highfield Resources slumped 12% at market close on Wednesday and hit a 52-week low during the session.
Price (AUD): $0.26, Change: $-0.035, Percent Change: -12.07%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。