Australia's Santana Minerals dips on discounted placement

Santana Minerals

11/08/2025 04:16

** Shares of Australia's Santana Minerals SMI.AX slip as much as 8.7% to A$0.575, set for the biggest intraday loss since April 23

** Metals explorer announces placement of A$60 mln ($39.10 mln) at an issue price of A$0.58/shr

** Issue price represents a discount of ~8% from the last close

** Says proceeds to be used for the development of Bendigo-Ophir Gold Project in New Zealand, among others

** Stock last down 7.1%, takes YTD gains to 20.6%

($1 = 1.5344 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.SinghChundawat@thomsonreuters.com;))