Australia's Kingsgate hits 1-month high on project sale progress

TDG Gold

01/12/2021 04:56

** Shares of gold-focused miner  KCN.AX  rise as much as
3.3% to A$1.560, their highest since Nov. 1
    ** Co receives the second non-refundable payment of C$1 mln 
($785,360.87) for the sale of its Nueva Esperanza Project in
Northern Chile to TSXV-listed TDG Gold Corp  TDG.V   urn:newsml:reuters.com:*:nASXsFcPQ
    ** Says under the agreement, KCN will be a 14% owner of TDG
upon completion of the deal 
    ** KCN stock has risen 65% this year, as of last close,
compared with a 10.4% increase in the ASX all ordinaries index
 .AORD  

($1 = 1.2733 Canadian dollars)

 (Reporting by Roushni Nair in Bangalore.)
 ((Roushni.Nair@thomsonreuters.com))