Australia's Calidus Resources rises on H2 forecast for WA gold project

Calidus Resources

10/01/2024 04:17

** Shares of Calidus Resources  CAI.AX  rise as much as 5%
to A$0.210, posting their biggest intraday pct gain since Dec 28
    ** Gold explorer says Warrawoona Gold Project in WA
positioned for strong H2 FY2024
    ** Says Dec-quarter production from project totalled 12,082
ounces, compared with 13,696 ounces in Sept quarter 
    ** Says guidance of 32,000 to 37,000 ounces for H2 FY2024
weighted to Q4 as mining activity at Blue Bar site in the
project ramps up
    ** Adds FY2024 production guidance reduced to 58,000 to
65,000oz 
    ** More than 954,000 shares change hands, about 1.7 times
the 30-day average volume
    ** Stock fell ~20.4% in 2023

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))