Australia's Consolidated Zinc chases best day in 1-1/2 years on extending zinc offtake agreement

Yari Resources

22/10/2021 04:35

** Shares of Consolidated Zinc  CZL.AX  rise as much as
78.1% to A$0.073 - on track for sharpest intraday pct gain since
April 23, 2020
    ** Co says Latin-American mining company Penoles has
exercised its option to extend zinc offtake agreement by one
year  urn:newsml:reuters.com:*:nGLF3tQj1p
    ** Says offtake agreement is to buy 100% zinc concentrates
produced at CZL's Plomosas project in Mexico
    ** Stock hits its highest since Oct. 20, 2020
    ** About 84 mln shares trade hands, 132.2 times the 30-day
average volume of 641,199 shares, marking CZL's busiest trading
day ever
    ** As of last close, stock down 16.3% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))