Australia's Alara Resources jumps most in over 2 years as production begins at Oman project

Alara Resources

05/03/2024 24:05

** Shares of Alara Resources  AUQ.AX  rise as much as 59.5%
to A$0.059, their biggest intraday percentage gain since Jan 27,
2022
    ** Stock hits its highest level since Sept 16, 2022
    ** The mineral explorer announces commencement of
concentrate production at its Al Wash-hi–Majaza copper-gold mine
and copper concentrate plant in Oman
    ** Co says it will ramp up mine production to full capacity
over the next two to three months
    ** About 4.6 mln shares change hands vs the 30-day average
volume of 260,310
    ** Alara stock down 11.9% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))