BUZZ-Australia's QMines jumps on acquisition of Mount Mackenzie Mines

Reuters
04/16
BUZZ-Australia's QMines jumps on acquisition of Mount Mackenzie Mines

** Shares of QMines QML.AX rise 6.1% to A$0.0435, their highest level since April 9

** The copper and gold miner will acquire Mount Mackenzie Mines, a unit of Resource and Energy Group REZ.AX

** Acquisition for total consideration of A$2.485 million ($1.58 million), to enhance co's silver and gold exposure

** Stock down 19.4% YTD

($1 = 1.5763 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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