BUZZ-Australia's Pacgold gains on gold mine acquisition from GBM Resources
Reuters
Dec 04
BUZZ-Australia's Pacgold gains on gold mine acquisition from GBM Resources
** Shares of Australia's Pacgold PGO.AX rise as much as 4.9% to A$0.064
** Stock set for its strongest trading session in a week, if current trends hold
** Mineral explorer acquires White Dam Gold Operation from GBM Resources GBZ.AX for A$1.2 million ($792,600.00)
** The White Dam Gold Operation is a gold mine in South Australia; the company expects operations to be fully operational by December
** GBZ shares down 6.1%
** PGO drops 14.7% YTD, including the day's moves
($1 = 1.5140 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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