Australia's Santa Fe Minerals jumps on acquiring gold projects in Côte d’Ivoire

Santa Fe Minerals

26/11/2025 04:49

** Shares of Santa Fe Minerals SFM.AX rise as much as 3.9% to A$0.270, their highest level since November 10

** Gold and base metal explorer heading for third day of straight gains, if trends hold

** Co to acquire Glomin Services Ltd from WIA Gold WIA.AX for 20 million shares in co and 8 million performance rights

** Glomin Services holds 80% stake in four prospective gold projects in Côte d’Ivoire, which contain multiple drill ready gold targets

** Co also receives commitments to raise A$6 million ($3.90 million) at A$0.20 per share

** Stock up 738.7% YTD, as of last close

($1 = 1.5382 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))