Australia's Brightstar rises as operations set to resume at Menzies gold field

Brightstar Resources

20/06/2023 03:46

** Shares of Brightstar Resources  BTR.AX  rise as much as
30% to A$0.013, on track for best day since Sept 27, 2022, if
gains hold
    ** The gold developer confirms that mining operations will
resume at Menzies gold field in Western Australia
    ** Co says mobilisation planned for late July with first
material movement in August for ore mining at the Selkirk Open
Pit mine
    ** Adds that cashflow anticipated in Q1 CY24 from processing
allocation at St Barbara's  SBM.AX  Gwalia Processing Plant in
early 2024
    ** BTR stock at its highest level since June 2
    ** Stock down 41.2% YTD, as of last close
 

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