Australia's Evergold Minerals slumps on discounted placement

Evergold Minerals

06/02/2026 24:56

** Shares of Evergold Minerals EG1.AX fall 12.8% to A$0.041, on track for worst day since Oct 24, if trend holds

** Minerals explorer raises A$5.2 million ($3.60 million) at an issue price of A$0.035 per share

** Issue price is at a discount of 25.5% to stock's last close

** Stock up 36.7% YTD, including current moves

($1 = 1.4453 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com))