Emerald Resources up on added gold find at project, output update

Emerald Resources NL

28/04/2023 05:29

(Updates)
    ** Shares of Emerald Resources  EMR.AX  climb as much as
6.1% to A$1.915, their highest since Aug. 5, 2008
    ** Co says significant gold exploration results continue at
the North Laverton gold project in Western Australia
    ** Adds drilling at the Okvau gold project in Cambodia also
continues to deliver significant gold mineralization, in close
proximity to existing resources
    ** Also posts March qtr gold sales of 29.5 kilo ounces (koz)
at an average gold price of $1,903/oz
    ** Posts qtrly gold production of 81.6koz at an all-in
sustaining cost of $802/oz 
    ** Maintains 2023 full-year guidance
    ** Stock set for best session since April 11, if gains hold
    ** As of last close, EMR up ~52.3% so far this year

 (Reporting by Upasana Singh and Echha Jain in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))