Australia's miner Kalgoorlie jumps most in 2-1/2 months over gold find

Kalgoorlie Gold Mining

07/12/2023 03:24

** Shares of Kalgoorlie Gold Mining Ltd  KAL.AX  rise as
much as 12% to A$0.028, their biggest intraday pct gain since
Sept 19
    ** Stock hits its highest level since Nov 20
    ** The gold miner says new gold intercepts are found in
reverse circulation drilling at its Pinjin project in
Kalgoorlie, Australia
    ** Adds further drilling planned in early 2024 to test new
highly prospective gold target
    ** About 1.2 mln shares change hands, compared with the
30-day average volume of 219,414 shares
    ** Stock down 69.9% YTD, as of last close
    

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))