Australia's Great Divide Mining, Adelong Gold plunge on JV dispute

Amara Minerals

15/08/2025 05:39

** Shares of Great Divide Mining GDM.AX fall 7.1% to A$0.39, their lowest level since August 13

** Shares of Adelong Gold ADG.AX fall as much as 20% to A$0.004, their biggest intraday pct loss since July 25

** GDM stock ended 6.7% lower on August 13 after co said that Adelong Gold ADG.AX, co's JV partner, intends to contest approval of the annual programme and budget of their joint venture

** Adelong Gold says on the day that is has issued a Deadlock Notice to GDM, says elements of the proposed plan raise 'serious' concerns for ADG

** YTD, GDM shares up 69.6%, ADG shares down 10%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))