CAPITAL MARKETS

Pasminco regains lost ground

BESIEGED zinc miner Pasminco has surged more than 22% to as high as 28c this morning after the company yesterday moved to reassure the market that despite a decline in metal prices it remains solvent.

Greg Tubby

Pasminco had lost 50% of its value since the start of the month until trading was halted yesterday while it prepared a response to an ASX price query. It closed Tuesday at a record low of 22.5c. Although...

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