Australia's New Murchison Gold rises as co declines reports of takeover offer

New Murchison Gold

26/05/2025 03:18

** Shares of New Murchison Gold NMG.AX rise 10.7% to A$0.0155, their highest levels since May 21

** The gold miner confirms it has not received any takeover offer from gold producer Westgold Resources WGX.AX

** Co also confirms discussions over past few years with WGX on various commercial and broader business transactions

** Stock marks its biggest intraday gain since April 24

** Stock up 66.7% this year, including the day's move

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))