Australia's Silver Mines falls on discounted placement
23/09/2026 01:59
BUZZ-Australia's Silver Mines falls on discounted placement ** Shares of Silver Mines SVL.AX fall 11.4% to A$0.155, on track for worst day since June 18 if trends hold
** Silver explorer to raise A$70 million ($49.81 million) at issue price of A$0.145 per share via placement
** Issue price represents a discount of 17.1% to stock's last close
** About 10.7 mln shares change hands, 1.5x the 30-day average of 7.1 mln
** Stock down 29.6% YTD including moves in current session
($1 = 1.4055 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
Recent news on Silver Mines
See all newsAustralian silver stocks fall as precious metals slip ahead of Fed decision
Brief: Silver Mines Receives Firm Commitments For A$70 Million Placement
Australia's Silver Mines falls on discounted placement
Brief: Silver Mines Launches Placement To Raise A$70 Million At A$0.145 Per Share
Brief: Fitzroy River Agrees To Sell Bowdens Silver Royalty For A$17.5 Million