Australia's Ausgold hits 2-month low on discounted placement

Ausgold

10/07/2025 02:13

** Shares of Ausgold AUC.AX fall 6.9% to A$0.573, their lowest since May 6

** Gold explorer raises A$35 million ($22.89 million) at an issue price of A$0.57 per share

** Issue price represents a discount of 7.3% to the stock's last close

** Stock on track for worst day since June 30 if trends continue

** About 1.1 million shares change hands, 1.4x the 30-day average of 788,548

** Stock up 36.3% YTD, including moves in the current session

($1 = 1.5288 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))