Australia's Kin Mining climbs on purchasing stake in Dacian Gold

Patronus Resources

21/11/2022 02:29

** Shares of gold miner Kin Mining NL  KIN.AX  rise as much
as 2.6% to A$0.080, on track for their best day since Nov 11
    ** Says it now own 7.34% stake or 89.3 mln shares in
ASX-listed gold miner Dacian Gold in a move to consolidate its
asset in the Leonara district in Western Australia  urn:newsml:reuters.com:*:nASX5mm74W
    ** Says it views Dacian's assets as good value at current
prices and began accumulating a position via on-market purchases
of Dacian shares in late August 2022. 
    ** Stock is down ~29.1% this year as of last close 
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))