Shares of Australian Gold and Copper (ASX:AGC) have seen an astounding leap by as much as 63.2%, reaching A$0.093.

This could potentially become their best day on record if the gains remain in place.

The stock has now reached its highest level since June 2, 2022.

The gold exploration company has received a strategic capital investment amounting to A$10.1 million from the Delin Mining Group Cooperation.

Australian Gold and Copper (ASX:AGC) indicated that Delin has agreed to subscribe for 122.2 million new fully paid ordinary shares at A$0.082636 per share.

Once the placement is completed, Delin will possess 55% of the issued share capital of Australian Gold and Copper (ASX:AGC).

In addition, the company will appoint Zhang Yong as co-chairman on the board.

Over 11.1 million shares swapped hands, which is 106.2 times the 30-day average volume of 104,742 shares.

Despite its record day, the stock has declined by 5% this year as calculated from the last closing rate.

Australian Gold and Copper (ASX:AGC) is a company that explores gold resources, mining, and other related activities.