Australia's Emerald Resources hits near 15-yr high on quarterly update

Emerald Resources NL

13/04/2023 03:29

** Shares of gold miner Emerald Resources NL  EMR.AX  jump
as much as 2.6% to A$1.780, their highest level since Aug 15,
2008
    ** Stock posts fifth consecutive session of gains
    ** Co posts production of 28,764 ounces (oz) at Okavu Gold
Mine for March qtr vs 27,216 oz a year earlier and sales of
29,583 oz at an average of $1,903/oz
    ** Says qtrly results indicative of all-in sustaining cost
for Okavu 
    ** Adds FY sales remain in line for Okavu with previously
disclosed guidance; production of 105 kilo ounce (koz) to 110
koz also on track with estimates
    ** About 1.3 mln shares exchange hands vs 30-day avg of
690,112 shares
    ** Stock up 46.4% YTD, as of last close 

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