Australia's Kalgoorlie Gold Mining dips on discounted placement

Kalgoorlie Gold Mining

13/03/2025 24:13

** Shares of Kalgoorlie Gold Mining KAL.AX fall 5.9% to A$0.064, their lowest levels since March 3

** The gold miner says it has secured firm commitments to raise a total of A$4 million ($2.53 million)

** Issue price of A$0.060 is at an 11.8% discount from stock's last close

** Stock fell as much as 10.29% earlier in the day, marking its worst intraday drop since Feb. 28

** KAL up 255.6% YTD

($1 = 1.5803 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))