Australia's Carnaby Resources jumps on acquisition from Evolution Mining

Evolution Mining

27/07/2026 02:42

** Carnaby Resources' CNB.AX shares rise 59.4% to A$0.765,  highest level since June 2
** Stock on track for best day since December 2021, if gains hold
** Gold miner Evolution Mining EVN.AX to acquire CNB at an implied offer price of A$0.77 apiece or A$213 million ($148.97 million) equity value
** Offer represents a 60.4% premium to stock's last closing price
** About 13.3 mln shares change hands, 22.8x the 30-day average of 582,611
** EVN up 3.2%
** Including session's move, CNB up 70% YTD 

($1 = 1.4298 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))