Aussie Besra Gold gains most in 2 mnths on meeting Quantum Metal deal terms

Besra Gold

20/09/2023 04:33

** Shares of Australian-listed gold miner Besra Gold
 BEZ.AX  rise as much as 35.7% to A$0.190, marking their biggest
intraday pct gain since July 25
    ** BEZ at its highest level since Sept 6
    ** Says all conditions before binding $300 mln gold purchase
agreement with major CHESS Depositary Interest holder Quantum
Metal Recovery satisfied
    ** Co to use deposits from deal for exploration, feasibility
studies, mine development purposes 
    ** More than 4.6 mln shares change hands versus 30-day
average of ~1.8 mln shares  
    ** Stock up over 169% this year, as of last close

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