Australia's QMines jumps on acquisition of Mount Mackenzie Mines

Resources & Energy

16/04/2025 03:08

** Shares of QMines QML.AX rise 6.1% to A$0.0435, their highest level since April 9

** The copper and gold miner will acquire Mount Mackenzie Mines, a unit of Resource and Energy Group REZ.AX

** Acquisition for total consideration of A$2.485 million  ($1.58 million), to enhance co's silver and gold exposure

** Stock down 19.4% YTD

($1 = 1.5763 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))