Australia's Santana Minerals drops to six-week low on discounted placement

Santana Minerals

17/02/2026 02:25

** Shares of Santana Minerals SMI.AX fall 10.7% to A$0.88, their lowest point since January 5

** The precious metal explorer to raise A$130 million at an issue price of A$0.90

** Issue price represents a discount of 8.6% to stock's last close

** Stock down 3.8% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))