Australia's Pacgold falls on discounted placement

Broken Hill Gold

30/05/2025 02:56

** Shares of Pacgold PGO.AX fall 9.9% to A$0.064, their lowest level since April 28

** Gold explorer receives firm commitments for A$5.6 mln($3.60 mln) at an issue price of A$0.06 per share

** Issue price represents a discount of 15.5% to the stock's last close on Thursday

** Around 589,609 shares change hands, vs the 30-day average of 215,366 shares

** Stock fell as much as 11.3% earlier in the day

** Stock down 14.7% this year, including the day's move

($1 = 1.5547 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))