BUZZ-Australia's Silver Mines falls on private placement

Reuters

2024/12/10

** Shares of Silver Mines slide as much as 21.7% to A$0.09, their lowest level since Oct. 3

** The silver miner receives firm commitments for a A$25 mln placement at A$0.092/shr, a 20% discount to last close on Thurs

** Trading volume of ~24 mln shares is 3.4x the 30-day avg

** Stock had fallen 28% this year as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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