Australia's Ramelius Resources rises on confirming acquisition discussions
08/03/2024 01:45
** Shares of Ramelius Resources RMS.AX rise as much as
3.2% to A$1.595
** Stock is set to rise 7.6% this week, best week since Dec.
1
** Gold miner confirms that it is in discussions with
Canadian mine operator Karora Resources KRR.TO for a potential
transaction
** Says discussions on the valuation for the purchase of
Karora are currently ongoing
** Stock has fallen 8.31% this year, as of last close
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
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