Australia's GWR rises on securing partner for haulage operations

GWR

03/06/2021 04:58

** Shares of GWR Group  GWR.AX  rise as much as 16% to
A$0.290, their biggest intraday percentage gain since April 9 
    ** The gold and iron ore explorer says it has executed an
agreement with a logistics group to underpin its haulage
operations in the Port of Geraldton in Western Australia 
 urn:newsml:reuters.com:*:nASX5CWtTr
    ** Co says 208,360 tonnes of iron ore have been exported
from the port 
    ** Haulage volumes are now exceeding the company's daily
haulage tonnage target of 2,700 tonnes per day to the Port of
Geraldton - GWR
    ** GWR expects to ship at least twice per month in order to
achieve its one-million-tonne Stage 1 production target by
December 
    ** About 1.1 mln shares change hands vs 30-day average of
507,864 shares 
    ** Stock down ~43.2% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))