Aurelian Resources Inc. (ARU CN), the developer of the Fruta del Norte gold deposit in Ecuador, had its share-price forecast cut to C$10 from C$11 by RBC Capital Markets Michael Curran in Toronto. The analyst said in a note that he removed the ``takeover-based fair value'' from the stock after Ecuador's president said yesterday that the country may suspend some mining activities for 180 days while a new industry law is drafted.

Aurelian dropped the most since February 2007 yesterday, losing 14 percent to C$7.36. Other mining companies active in Ecuador include Corriente Resources Inc. (CTQ CN), whose shares plunged 16 percent to C$4.60.