Australia's Alara Resources gains as production restarts at its Oman project

Alara Resources

02/10/2024 06:10

** Shares of Alara Resources  AUQ.AX  rise as much as 10.3%
to A$0.043, their highest levels since Aug 19
    ** The diversified miner says its joint venture (JV) firm Al
Hadeetha Resources restarts production operations for its Al
Wash-hi Majaza copper-gold mine in Oman after a planned shutdown
for rectification activities to improve performance
    ** Says next shipment of copper concentrate planned for
second week of October
    ** More than 283,000 shares change hands, 1.4 times the
30-day average volume of shares
    ** Stock up ~2.4% YTD, including current session's moves
    

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