Australia's Sunshine Metals falls on discounted capital raising

Sunshine Metals

30/04/2026 06:47

** Shares of Sunshine Metals SHN.AX fall as much as 15.2% to A$0.028, on track to mark its worst session since late-October

** Hits lowest level since April 13

** Gold and copper explorer acquires Mt Moss Operation for A$18 million ($12.82 million)

** Announces A$22 million capital raising at an issue price of A$0.027 per share, which represents a discount of 10% to stock's last close

** About 10 million shares change hands, 1.8 times the 30-day avg

** Up 33.3% YTD, including the session's moves

($1 = 1.4043 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

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