Australian Gold and Copper at 3-1/2-year high on positive drilling results in NSW mine

Australian Gold and Copper

15/05/2024 04:16

** Shares of Australian Gold and Copper Ltd  AGC.AX  rise
87.5% to A$0.225, set for their record best day, if gains hold
    ** AGC stock at its highest level since Jan 22, 2021
    ** The mineral explorer says drilling results show upgraded
high-grade gold-silver-base metal mineralisation at its Achilles
mine in New South Wales
    ** Co says assays for the six holes pending at the mine have
been expedited and are expected in coming weeks
    ** About 12 mln shares change hands, compared with the
30-day average volume of 216,000
    ** Stock up 69% YTD, as of last close 
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))