Australia's Grange Resources hits 5-month high on upbeat quarterly update
27/01/2023 24:45
** Shares of Grange Resources GRR.AX jump as much as 5.7%
to A$1.110, their highest since Aug 29, 2022
** Iron ore miner and pellet producer says produced 667,645t
concentrate from Savage River Operations in Dec qtr vs 655,316t
in Sept qtr
** Says unit cash operating cost fell to A$124.39/t from
A$130.69/t due to lower energy costs and increased production
** Stock posts biggest intraday pct gain since Jan 20
** Stock rose 11.9% in 2022
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))
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