Australia's Great Divide Mining jumps on first gold pour at Challenger mine

Amara Minerals

17/07/2025 04:06

** Great Divide Mining GDM.AX jumps as much as 7.9% to 2-week high of A$0.475; set for best day since June 27

** Gold antimony miner announces its first gold pour at the Challenger gold mine in New South Wales, which it operates as part of a joint venture with gold miner Adelong Gold ADG.AX

** Gold pour refers to final stage of production, where the metal is melted and cast before being refined

** Under JV agreement Great Divide Mining's stake in project will increase to 51% after the first pour

** About 78,505 shares traded, 2.4x the 30-day avg

** GDM last up 6.8%, takes YTD gains to 104.4%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))