BUZZ-Australia's Great Divide Mining rises on beginning ops at new mine

Reuters

05/16

BUZZ-Australia's Great Divide Mining rises on beginning ops at new mine

** Great Divide Mining GDM.AX jumps as much as 11.9% to A$0.47; marks biggest intraday pct gain since February 4

** Stock hits highest since April 23

** Diversified miner to begin operations at Challenger Mine Site in New South Wales this month; had taken over mine's ops in March

** Says gold produced from Challenger will be the mine's first contribution to GDM's revenue stream

** Stock has more than doubled YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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