Australia's Broken Hill Mines falls on discounted placement, annual loss

Broken Hill Mines

28/08/2026 06:43

** Shares of Broken Hill Mines BHM.AX fall as much as 10.7% to A$0.7550, its lowest level since August 17
** Stock logs biggest intraday pct loss since March 23; set for its worst week since mid-July with a 11.9% decline so far
** The miner undertakes capital raising of A$90 million  ($64.76 million); placement price of A$0.76 per share at a 10.1% discount to last closing price on Aug 25
** Shares were halted for trading from Aug 26
** The silver-lead-zinc miner posts an annual loss after tax attributable of A$48.8 million, compared to a profit of A$3.2 million last year
** YTD, stock down 34.8%




($1 = 1.3899 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))