Australia's Sierra Nevada Gold soars on Saudi gold-copper project award

Sierra Nevada Gold

16/12/2025 03:55

** Shares of Australia's Sierra Nevada Gold SNX.AX rise as much as 22.2% to A$0.033, a peak since mid-November

** Stock set for its strongest trading session in over two months, if current trend holds

** Gold explorer says it has received letter of award from Kingdom of Saudi Arabia’s (KSA) Ministry of Industry and Mineral Resources (MIMR) for As Safra Copper–Gold Project

** As Safra is a copper-gold mineral deposit site in Saudi Arabia - co

** Stock last up 11.1% including session's moves, down 30.2% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))