BUZZ-Australia's Kingston Resources surges on sale of gold project for $61 million

Reuters

2025/05/20

** Shares of Kingston Resources KSN.AX rose as much as 46.7% to A$0.135, their highest since June 8, 2022; last up 25%

** Stock set for its strongest session since July 21, 2017, if current trends hold

** Gold and copper miner agrees to sell the Misima Gold Project in Papua New Guinea to Ok Tedi Mining for A$95 million ($61.25 million)

** About 8.2 mln shares change hands, 5.7x the 30-day average of 1.4 mln shares

** Stock up ~62% YTD, including current session's moves

($1 = 1.5511 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com))

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