Australia's Challenger Gold rises on signing toll processing agreement

Austral Gold

30/12/2024 24:25

** Shares of Australia's Challenger Gold  CEL.AX  rise as
much as 4.6% to A$0.046, their highest level since Dec. 17
    ** Stock posts its biggest intraday pct gain since Dec. 23
    ** Gold and copper explorer enters toll processing agreement
with Austral Gold  AGD.AX  unit Casposo Argentina Mining
    ** Under agreement, Casposo to process mineralised material
from CEL's Hualilan project at its plant in Argentina
    ** Transaction to create new revenue stream for Austral
Gold, including a $3 mln fixed payment - CEL
    ** CEL stock down 40.5% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))