ASX-listed Copper Mountain Mining shares rise on copper project sale

Copper Mountain Mining

07/10/2022 04:57

** ASX-listed shares of Copper Mountain Mining  C6C.AX  rise
as much as 14.5% to A$2.13, their best intraday gain since Aug 8
    ** Co enters agreement to sell its Eva Copper Project in
Queensland to South Africa's Harmony Gold Mining  HARJ.J  for up
to $230 mln
    ** Deal approved by South African Reserve Bank; awaiting
approval from Australia's Foreign Investment Review Board
    ** Copper Mountain ASX shares hit highest level since Aug 10
    ** Stock is down ~49% YTD, as of last close
    ** Copper Mountain's Toronto-listed shares  CMMC.TO  closed
16.8% higher Thursday, while Harmony Gold closed 3% higher
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))