Australia's Broken Hill Mines falls on discounted placement

Broken Hill Mines

22/10/2025 01:57

** Shares of Broken Hill Mines BHM.AX fall as much as 12.3% to A$0.93, their lowest level since October 9

** Stock set for weakest trading session since late July, 2024

** Mineral explorer to raise A$38.5 mln ($25.02 mln) at A$1 per share via placement

** Issue price represents a discount of 5.7% to last close

** Stock up 939.3% YTD, including the day's moves

($1 = 1.5389 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))