Australia's Ramelius Resources rises on ending buyout talks with Karora Resources

Ramelius Resources

28/03/2024 04:07

** Shares of Ramelius Resources  RMS.AX  rise as much as
2.2% to A$1.845, their highest since June 16, 2021
    ** Gold miner says it has ended discussions with Karora
Resources  KRR.TO  for a potential acquisition of the
Canada-based mine operator
    ** Earlier this month, Ramelius confirmed that it was in
talks with Karora, but did not disclose any deal value
    ** Stock set to log gains for fourth consecutive session
    ** RMS up ~7% YTD, as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))