Australia's Dateline Resources gains on sale of US assets

Dateline Resources

13/06/2023 05:08

** Shares of Dateline Resources Ltd  DTR.AX  jump as much as
8.3% to A$0.026, hitting their highest level since March 3
    ** The gold miner says it has agreed to sell its interest in
Gunnison Gold Pty Ltd, the subsidiary that holds the Gold Links
Gold Mine and Lucky Strike Processing Plant assets in U.S.
    ** Co to receive up to A$12 mln ($8.12 mln) in cash payments
    ** Says transaction strengthens co's balance sheet via the
addition of cash and removal of liabilities 
    ** Shares on track to record a fourth consecutive session of
gains 
    ** About 3 mln shares exchange hands vs the 30-day average
of about 1 mln shares
    ** DTR stock down 35.1% YTD, as of last close 

    


($1 = 1.4784 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))