BUZZ-Australia's South32 surges to 3-year high on silver rally
Reuters
Feb 04
BUZZ-Australia's South32 surges to 3-year high on silver rally
** Shares of South32 S32.AX gain as much as 5.8% to A$4.77, its highest level since early March 2023
** The diversified miner, also the owner of Cannington mine - one of the world's largest producers of silver, has gained on the back of the global silver rally** Spot silver has gained over 3% to $87.88/oz, recovering from recent sell-off GOL/** Other silver miners follow, Sun SilverSS1.AX up 3.5%, Silver MinesSVL.AX rises 7.8%** Broader Australian mining sub-index .AXMM up 3.1% vs benchmark .AXJO 0.6% rise .AX
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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