BUZZ-Australia's Minerals 260 hits nearly 2-1/2-year high on receiving funding package

Reuters
Feb 23
BUZZ-Australia's Minerals 260 hits nearly 2-1/2-year high on receiving funding package

** Shares of Minerals 260 MI6.AX jump as much as 33.3% to A$0.56, highest since September 18, 2023

** Stock marks strongest intraday pct gain since July 11, 2022

** Diversified miner signs A$220 mln ($156.00 mln) strategic funding package with Franco-Nevada Corp FNV.TO for onshore Bullabulling Gold Project

** Under deal, Franco-Nevada Australia to increase its total royalty over the project to 2.45% from 1%

** About 11.1 mln shares change hands, 1.6x the 30-day avg volume of 7 mln shares

** YTD, stock up 27.4%, including the day's moves

($1 = 1.4102 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10