Australia's Ora Banda Mining surges on new gold project contract
Mon 04:26
BUZZ-Australia's Ora Banda Mining surges on new gold project contract ** Shares of Australia's Ora Banda Mining OBM.AX rise as much as 16.3% to A$1.285, their highest since June 5
** Gold miner says it executed an engineering, procurement and construction contract with GR Engineering Services GNG.AX as part of Davyhurst Mill Expansion Project in Western Australia
** The contract value for the Davyhurst Mill Expansion is A$233 million ($164.87 million)
** Around 6.3 mln shares change hands, nearly 1.2x 30-day average
** OBM down 16.3% YTD
($1 = 1.4132 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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