The share price of junior Dragon Mining dropped by more than 17% on Monday after the company announced that the Finland Regional State Administrative Office (AVI) had rejected the company's application to extend its environmental permit at the Orivesi gold mine. Since the application was submitted in 2010, Dragon has made significant improvements to the mine environment at the project, including particularly the water quality. The company said that with this in mind, it intended to appeal the ruling in the Vaasa Administrative Court, and if required, the Finnish Supreme Court.
