Australia's Auric Mining gains most in nearly 1 month on plans to buy gold processing plant

Auric Mining

17/12/2024 02:54

** Shares of Auric Mining  AWJ.AX  rise as much as 14.3% to
A$0.36, their largest intraday pct gain since Nov 19
    ** The Aussie gold explorer enters into a letter agreement
to buy Burbanks gold processing facility in Western Australia
for A$4.4 mln ($2.80 mln)
    ** Acquisition of processing plant from individuals of pvt
entity BDO Queensland
    ** Co says processing plant has all requisite
infrastructure, permits and licences essential to future
operations
    ** Stock hits highest level since Dec 9
    ** More than 1.2 mln shares change hands vs 30-day avg
volume of around 1.1 mln shares
    ** Auric up 195.8% YTD, including current session's moves


    ($1 = 1.5701 Australian dollars)

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