Australia's Tombola hits near one-month high on gold plant rental deal

Tombola Gold

17/08/2022 06:37

** Shares of gold miner Tombola Gold Ltd  TBA.AX  rise 11.8%
to A$0.038, highest since July 20
    ** Co signs binding term sheet with True North Copper Ltd
for short-term rental of Great Australian Gold Production Plant
 urn:newsml:reuters.com:*:nASX9NWNXq
    ** Deal will bring forth first gold production for co, which
is on its way for first profitable operation in 2022
    ** Co expects first gold production within 12 weeks 
    ** More than 2.8 mln shares change hands, compared with the
30-day average of about 2.2 mln shares
    ** Shares up 13.3% YTD, as of last close 

 (Reporting by John Biju in Bengaluru)
 ((john.biju@thomsonreuters.com))