Australia's Redcastle gains most in over 3 months on transition to gold producer
06/05/2026 06:17
** Shares of Australia's Redcastle Resources RC1.AX rise as much as 21.9% to A$0.195, their biggest intraday pct gain since Jan. 28 ** Stock hits highest level since Feb. 13 ** Diversified miner says it has transitioned from gold explorer to producer ** Says move follows commencement of mining operations at its Queen Alexandra and Redcastle Reef gold deposits in Australia ** "We believe this delivers exceptional leverage to gold fo our shareholders," Non-Executive Chairman Ray Shaw says ** YTD, stock up 92.7% (Reporting by Aamir Sheik Khalid in Bengaluru) ((Aamir.SheikKhalid@thomsonreuters.com))
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