Australia's Viking Mines jumps on legal claim win in Ghana court
30/01/2023 04:20
** Shares of Viking Mines Ltd VKA.AX climb as much as 25%
to A$0.01, on track for best day since Nov. 18 if gains hold
** Gold miner says High Court of Ghana ruled in its favour
on its litigation against purchasers of subsidiary-owned Akoase
gold project
** Says defendants are liable to pay the full royalty on
50,000 ounces of gold produced at a rate of $40/oz, totalling $2
mln
** VKA adds it will use the funds to rapidly advance the
Canegrass Battery Minerals Project located in Perth, Western
Australia
** Stock hits highest level since Jan. 6
** More than 5.4 mln shares change hands, over 6X the 30-day
average volume
** Stock down 20% this year, as of last close
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))