Australia's Great Southern Mining hits more than 3-month low on discounted placement
20/03/2026 01:09
** Great Southern Mining GSN.AX slips as much as 18.2% to A$0.027; marks biggest intraday pct drop since November 13, 2023 ** Stock touches lowest since December 2, 2025 ** Gold explorer raises A$4.6 mln ($3.3 mln) via placement ** Offer price of A$0.028/share represents 15.2% discount to last close ** Co says placement funds will be used to accelerate drilling programmes and gold target drilling at its Duketon gold project, Australia ** Stock down 20% so far this week, set for its worst week in three years ** YTD, GSN down 30% ($1 = A$1.4126) (Reporting by Aamir Sheik Khalid in Bengaluru) ((Aamir.SheikKhalid@thomsonreuters.com))
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