Gorilla Gold Mines is trading 11.8% down at A$0.20, amid sector-wide pressure after gold fell overnight.
- Australian market coverage reported spot gold down 2.85% to US$4,023 per ounce on October 23; rising oil prices and inflation concerns were cited as factors behind the sell-off.
- No new company-specific announcement explaining the decline was found: the company’s announcement page lists no October 23 release, and its latest reported announcement was dated October 19.