BUZZ-Australia's QMines slips on discounted placement
Reuters
Sep 26, 2025
BUZZ-Australia's QMines slips on discounted placement
** QMines QML.AX falls as much as 8.5% to A$0.065; marks biggest intraday percent drop since July 31
** Stock hits lowest since September 17; down 5.7% so far this week
** Gold explorer receives firm commitments to raise A$7.5 mln ($4.9 mln) at A$0.055/share
** Placement price represents 21.4% discount to last close
** Proceeds will be used to accelerate exploration, development at Mt Mackenzie, Mt Chalmers and Develin Creek projects in Queensland
** Around 3.1 mln shares traded, ~2.3x the 30-day average
** YTD, QML up 22.2%
($1 = A$1.5295)
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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