Alkane Resources’ Merger with Mandalay Gains Swedish Approval

The latest announcement is out from Alkane Resources Ltd ( (AU:ALK) ).

Alkane Resources Ltd has received Swedish regulatory approval for its proposed merger with Mandalay Resources Corporation, a move that will create a diversified Australian-centric gold and antimony producer. The merger is expected to enhance Alkane’s industry positioning by combining resources and expanding its portfolio to include three operating mines, although it still requires further approvals from various stakeholders.

The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.

More about Alkane Resources Ltd

Alkane Resources Ltd is an Australian company focused on becoming a multi-mine gold and copper producer. It operates the Tomingley Gold Operations in Central West New South Wales and has plans extending beyond 2030. The company has a strong exploration track record, with significant projects in the region and strategic investments in other gold exploration and aspiring mining companies.

Average Trading Volume: 1,859,356

Technical Sentiment Signal: Buy

Current Market Cap: A$457.2M

Find detailed analytics on ALK stock on TipRanks’ Stock Analysis page.