Calidus Resources jumps most in 2-1/2 years as output starts at WA project

Calidus Resources

10/01/2023 24:43

** Shares of Calidus Resources Ltd  CAI.AX  rise as much as
16.4% to A$0.390, their biggest intraday pct gain since June 1,
2020
    ** The gold explorer declares commercial production at its
Warrawoona Gold Project, Western Australia
    ** Adds production rates continue to increase with plant
operating at nameplate capacity and positive cash-flow achieved
in December 
    ** Stock posts its highest since Nov. 28, 2022
    ** CAI gains for four straight days      
    ** Shares fell 57.1% in 2022
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))