Australia's Gold Mountain gains after sale of PNG assets
22/01/2026 04:17
** Shares of Gold Mountain GMN.AX rise as much as 5.6% to A$0.076, their highest level since December 18, 2025 ** Mineral explorer enters binding agreement to sell its exploration licences in Papua New Guinea for A$2 million ($1.36 million) ** Proceeds from the sale will advance exploration on co's Brazilian exploration projects, others ** 376,027 shares change hands, 2.5x the 30-day average ** Stock down 53.3% in 2025 ($1 = 1.4702 Australian dollars) (Reporting by Sherin Sunny in Bengaluru) ((Sherin.Sunny@thomsonreuters.com))