Australia's Golden Rim Resources climbs on divesting gold projects
28/06/2022 02:04
** Shares of Golden Rim Resources GMR.AX surge as much as
39.6% to A$0.067, their best day since June 2020, if gains hold
** The gold explorer says it agreed to sell its Kouri and
Babonga gold projects in Burkina Faso, West Africa, for $15.5
mln urn:newsml:reuters.com:*:nASX7kQ13w
** Says it will use proceeds from the transaction to advance
its 930,000 ounces gold Kada Gold Project in Guinea.
** Stock hits highest since June 1
** About 6.1 mln shares change hands compared with a 30-day
average of 579,241 shares
** GMR is down 65.7% this year as of last close
(Reporting by Tejaswi Marthi in Bengaluru)
((tejaswi.marthi@thomsonreuters.com))