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LUMI - Lundin Mining News Story

SEK98.3 -3.7  -3.6%

Last Trade - 14/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.14bn
Enterprise Value £6.52bn
Revenue £1.66bn
Position in Universe 120th / 1832

BUZZ-Australia's Polarx hits over 1-wk high on stake buy by Canada's Lundin Mining

Tue 4th June, 2019 2:13am
** Shares of copper-gold explorer Polarx Ltd  PXX.AX  rise
as much as 12.4% to A$0.10, their highest since May 27
    ** Co to sell 53.4 mln shares at A$0.08 apiece to Canadian
base metals mining co Lundin Mining  LUN.TO  to raise A$4.3 mln
($3.0 mln)  urn:newsml:reuters.com:*:nFWN23A0RM
    ** Lundin Mining to become Polarx's largest shareholder
owning 14.3% of co
    ** Co and Lundin Mining agreed strategic earn-in joint
venture over selected copper-gold targets in Polarx's Stellar
project in Alaska
    ** Stock posts biggest intraday percentage gain in two weeks
    ** More than 604,000 shares change hands, compared with
30-day average of 355,190 shares
    ** Stock up 61.8% this year as of last close
    

($1 = 1.4349 Australian dollars)

 ((Reuters Messaging: shanima.a.thomsonreuters.com@reuters.net))
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