Australia's Firefinch climbs on extension of convention for Morila Gold Mine

Firefinch

18/05/2022 04:23

** Shares of gold mining co Firefinch Ltd  FFX.AX  rise as
much as 10.4% to A$1.005, their biggest intraday pct gain since
April 29 
    ** Says Mali government has agreed to extend the
Establishment convention for co's 80%-owned Morila Gold Mine for
three years until May 16, 2025  urn:newsml:reuters.com:*:nASX77WY7g
    ** Says the convention specifies economic, legal,
administrative, social and other terms and conditions of the
gold mine
    ** Co to seek further renewal of convention to align with
mining exploitation license for Morila, which is valid until
August 4, 2029
    ** Shares at their highest value since May 9
    ** Stock has risen 5.2% this year, as of last close,
compared with a 4.5% decline in the S&P/ ASX 200 index  .AXJO  

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))