Australia's Manuka Resources surges on strong gold output from New South Wales plant

Westpac Banking

04/11/2026 02:43

** Shares of Australia's Manuka Resources MKR.AX rise as much as 12.8% to A$0.044, marking their biggest intraday pct gain since June 15
** Diversified miner reports October gold sales of A$3.91 million ($2.72 million) from its Wonawinta processing plant in New South Wales
** Co says sales comprised 651 ounces of gold and 1,443 ounces of silver from three deliveries to ABC Refinery in Sydney during October
** Adds, weekly precious metals deliveries are planned for November following the transition to regular shipments
** Co expects average head grade to increase toward the JORC standard reserve grade of 1.1 grams per tonne gold from 0.81 g/t processed to date
** YTD, stock down 55.8%, including session's moves 

($1 = 1.4353 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))