Australia's Advance Metals soars on buying gold and silver projects

Advance Metals

06/01/2025 01:09

** Advance Metals  AVM.AX  soars as much as 26.5% to
A$0.043; biggest intraday pct gain since late-October 2024
    ** Stock hits highest since Nov. 7, 2024
    ** Specialty miner enters into JV with Canada-based Serra
Energy Metals  SEEM.CD  to buy 80% interest in Myrtleford and
Beaufort gold projects in Australia for C$400,000 ($277,181)
    ** Signs binding deal with Sailfish Royalty  FISH.V  to buy
100% interest in Gavilanes silver project in Mexico
    ** Co will pay $50,000 in cash and issue 16.8 mln shares for
Gavilanes project
    ** More than 5.6 mln shares traded, 6.6x the 30-day avg
    ** Stock up 14.7% YTD

($1 = C$1.4431)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))