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Apr 16 - 03:55 AM
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Gold - Australia's GoldArc Resources Rises On Pact To Develop Leonora South Gold Project
By Jasmeen Ara Shaikh — Apr 16 - 02:02 AM
• Shares of GoldArc Resources rise 2.9% to A$0.07, their highest level since March 6
• Stock rises for third consecutive session
• Co enters into a binding term sheet with private co Mineral Mining Services, for development of its Orion and Sapphire deposits at its Leonora South gold project
• Says the agreement converts non-binding letter of intent announced in October into an enforceable commercial framework to advance to production
• Stock up 11.1% YTD
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
Source:
London Stock Exchange Group | Thomson Reuters