Australia's Savannah Goldfields rises on premium placement

Savannah Goldfields

11/05/2026 03:41

** Savannah Goldfields SVG.AX jumps as much as 18.2% to A$0.013, highest since May 1

** Gold explorer receives subscription funds for A$1.5 mln ($1.1 mln) through placement

** Issue price of 1.5 Au cents represents 36.4% premium to last close

** About 5.8 million shares traded, 2.1x the 30-day avg

** YTD, SVG down 31.6%

($1 = A$1.3822)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))