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TDUX
Jun 25 - 03:55 AM

Gold - Australia's Kalgoorlie Gold Mining Drops After WA Tenement Acquisition

By Kumar Tanishk  —  Jun 25 - 01:59 AM

• Shares of Kalgoorlie Gold Mining slip 7.4% to A$0.025, their lowest since June 12

• KAL secures a cluster of 15 near-contiguous tenements along strike from the Gourdis and Vause gold mines in Western Australia; No deal value disclosed

• Package covers ~23.7 km² of prospective greenstone stratigraphy of the Yandal Greenstone Belt, one of the most productive gold corridors in Western Australia

• YTD, stock has halved in value

(Reporting by Kumar Tanishk in Bengaluru)

((; X: @thatstanishk Click here))

Source:
London Stock Exchange Group | Thomson Reuters

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