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Matador Mining Ltd ( (AU:AAM) ) just unveiled an announcement.
AuMEGA Metals Ltd has identified a major new anomaly at its Cape Ray Project, which could indicate a new trend of gold mineralization. The company plans to conduct a fully funded drilling program in the fourth quarter of 2025 to explore this opportunity further, potentially enhancing its position in the mining industry and offering promising prospects for stakeholders.
The most recent analyst rating on (AU:AAM) stock is a Buy with a A$0.16 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
AuMEGA Metals Ltd is a mining company focused on gold exploration and development. The company operates primarily in the Cape Ray Project located in Newfoundland and Labrador, Canada, which hosts significant gold resources.
Average Trading Volume: 611,212
Technical Sentiment Signal: Hold
Current Market Cap: A$20.61M
See more insights into AAM stock on TipRanks’ Stock Analysis page.