Gold Hawk Resources is a small miner with the Coricancha mine East of Lima as its main asset (map here). It's a polymetallic mine, producing gold, silver, zinc and lead. There is a long history of mining there, and CGK took over the mine a couple of years back, refurbished the processing plant and ramped up production starting 2q07.
Things didn't go as smoothly as they'd imagined in 2007, what with one thing and another, missing spare parts, delays on lead times for equipment, delays training up new staff etc etc, but at the end of 1q08 they'd finally just about got their mojo together, and by all accounts by May this year even had the important and very profitable BIOX gold circuit running to near optimum levels at long last.
Its tailings dump showed signs of ground displacement, and because of the risk of wall collapse (that would have been quite the disaster for both the company and the local environment), they immediately stopped work. So the cash flow dried up, the stock price went into free fall, and as a result CGK has just recently gone to market with a placement to raise $3.3m worth of funds by selling no less than 55m shares at 6c a shot. Quite the fall from it's 30 to 50c range of last year.