Australia's De Grey Mining rises to 18-year high on buyout consent from key shareholder

De Grey Mining

14/04/2025 05:03

** Shares of gold explorer De Grey Mining DEG.AX rise 1.4% to A$2.535, their highest levels since early January 2007

** Gold Road Resources GOR.AX, which owns 17.3% of DEG, says it would vote in favour of peer Northern Star's NST.AX buyout of the gold miner

** NST gains as much 1.2% to a record high; GOR flat

** So far this year, DEG up 43.6%, GOR gains 48.5%, and NST rises 39.2%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))