Australia's Calidus Resources rises on upbeat gold production from WA project

Calidus Resources

06/03/2023 01:24

** Shares of Calidus Resources Ltd  CAI.AX  rise as much as
8.9% to A$0.245 - set for best day since Feb 20, if current
gains hold 
    ** Gold producer processes a total of 182,000 tonnes of ore
in Feb from its Warrawoona Gold Project in Western Australia 
    ** Co recovers a total of 5,005 ounces of gold after
processing 
    ** Says gold production in Feb equates to 180 ounces per
day, or 66,000 ounces annualised, the highest since Oct 2022
    ** Shares hit their highest since Feb 22
    ** Shares down 16.7% YTD, as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))