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Matador Mining Ltd ( (AU:AAM) ) has issued an update.
AuMEGA Metals Limited has released a presentation regarding its Cape Ray Gold Project in Newfoundland, Canada. The company confirmed that there have been no material changes to the previously announced mineral resource estimates and exploration results. The project uses a cut-off grade of 0.30 g/t gold for open pit and 2.00 g/t gold for underground mining, with various assumptions regarding costs and recovery rates. The announcement reinforces the company’s commitment to its exploration and development activities, potentially impacting its market position positively by maintaining transparency and consistency in its reporting.
The most recent analyst rating on (AU:AAM) stock is a Buy with a A$0.19 price target. To see the full list of analyst forecasts on Matador Mining Ltd stock, see the AU:AAM Stock Forecast page.
More about Matador Mining Ltd
Average Trading Volume: 712,393
Technical Sentiment Signal: Sell
Current Market Cap: A$20.54M
See more insights into AAM stock on TipRanks’ Stock Analysis page.
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