Australia's Sierra Nevada Gold jumps on buying mine in US

Sierra Nevada Gold

13/05/2025 02:18

** Sierra Nevada Gold SNX.AX jumps 15% to A$0.023, highest since March 10

** Gold explorer buys New Pass Gold Mine in Nevada, U.S., for $250,000, payable over five years

** Stock posts biggest intraday percentage gain since May 7

** YTD, SNX down 48.8%

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

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