Australia's Metalstech soars on Slovakia gold mine study results

Global Gold Mining

14/11/2023 04:17

** Metalstech  MTC.AX  shares rise three times to A$0.365,
posting their biggest intraday pct gain since Nov. 20, 2019
    ** Stock hits highest level since May 11
    ** Gold miner announces positive results from scoping study
conducted for its Sturec Gold Mine in Slovakia
    ** Says study has confirmed mining method, technical aspects
and economic viability of mining and processing operation
    ** Adds study highlights project's potential to become a
low-cost gold and silver concentrate producer
    ** More than 2 mln shares change hands, compared with the
30-day average volume of 79,026
    ** Stock down 76.9% YTD, as of last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))