Australia's African Gold surges on gold finds, new CEO appointment

African Gold

15/10/2024 05:09

** Shares of African Gold  A1G.AX  more than doubles to
A$0.103, their biggest ever daily rise
    ** Stock hits its highest level since early November 2022
    ** Gold explorer says it has intercepted multiple high-grade
gold mineralisation at Didievi Project in Cote d’Ivoire
    ** Co also appointed Adam Oehlman as CEO
    ** Says Oehlman has previously held senior roles with
Hancock Prospecting, Rio Tinto  RIO.AX , and Northern Star
 NST.AX 
    ** ~75 mln shares changed hands, 25.6x the 30-day avg
    ** As of last close, stock up over 104% YTD

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))