Australia's Santana Minerals jumps on positive mine assessment outcomes

Santana Minerals

06/03/2024 02:14

** Shares of Santana Minerals  SMI.AX  rise as much as 7.7%
to A$1.335, highest level since Feb. 14     
    ** Precious metal explorer says it achieved positive initial
mining assessments at their Rise and Shine (RAS) prospect in New
Zealand
    ** Open pit generates an operating cash surplus of NZ$2.04
billion ($1.24 billion) dollars - co
    ** Stock set for best day since March 4, if gains hold
    ** SMI up 22.8% YTD as of last close

($1 = 1.6455 New Zealand dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))