Boart shares plunge to 4-year low

Embattled drilling company Boart Longyear Ltd's shares have plunged to four-year lows after it issued a second profit downgrade in two months.

Embattled drilling company Boart Longyear Ltd's shares have plunged to four-year lows after it issued a second profit downgrade in two months.

The share price has more than halved in the last three months alone, wiping more than $300 million from the company's market value, highlighting the turmoil the mining services industry is in as the mining boom slows.

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