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African Gold Ltd. ( (AU:A1G) ) has issued an update.
African Gold Ltd has announced a strategic partnership with Montage Gold Corp, which involves Montage acquiring a 19.9% stake in African Gold through a share swap and additional placements. This partnership is expected to accelerate exploration at African Gold’s Didievi gold project in Côte d’Ivoire. Montage Gold, known for its successful Koné gold project, will also have its EVP of Exploration join African Gold’s board, enhancing the leadership team. The strategic investment aims to leverage Montage’s proven track record in value creation, potentially benefiting African Gold’s operational and market positioning.
More about African Gold Ltd.
African Gold Ltd is a company in the mining industry, primarily focused on gold exploration and development. The company is engaged in projects located in Côte d’Ivoire, with a particular emphasis on the Didievi gold project and a broader tenement portfolio.
YTD Price Performance: 16.67%
Average Trading Volume: 24,144
Technical Sentiment Signal: Sell
Current Market Cap: €17.11M
Learn more about A1G stock on TipRanks’ Stock Analysis page.