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Swick Mining Services (SWK)

Hartleys has revised lower its estimates for Swick Mining after the company cut its fiscal 2014 earnings forecast.

Hartleys has revised lower its estimates for Swick Mining after the company cut its fiscal 2014 earnings forecast.

Swick Mining announced its EBITDA for the full year will likely be $14 million to $16 million, down from its previous guidance of about $17 million, due to lower than expected revenues related to the shutdown of its Nifty copper mine.

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Sineva Wilson is a desk editor at The Australian Financial Review. She has worked for Bloomberg and the Financial Times Group. Connect with Sineva on Twitter. Email Sineva at sineva.wilson@afr.com

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    Original URL: https://www.afr.com/markets/commodities/swick-mining-services-swk-20140519-iuc2d