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The latest announcement is out from Aurum Resources Limited ( (AU:AUE) ).
Aurum Resources Limited has successfully completed the sale of its shares in Montage Gold, generating approximately A$22.98 million. This transaction reflects a 102% gain from the initial investment price, underscoring the strong performance of Montage’s projects in Côte d’Ivoire and the favorable market conditions for gold. With a robust cash position of around A$40 million, Aurum is well-positioned to continue advancing its Boundiali and Napié Gold Projects, with significant resource updates and a pre-feasibility study expected in the near term, enhancing shareholder value.
The most recent analyst rating on (AU:AUE) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on Aurum Resources Limited stock, see the AU:AUE Stock Forecast page.
More about Aurum Resources Limited
Aurum Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its gold projects, specifically the Boundiali and Napié Gold Projects located in Côte d’Ivoire.
Average Trading Volume: 902,221
Technical Sentiment Signal: Buy
Current Market Cap: A$192.5M
For detailed information about AUE stock, go to TipRanks’ Stock Analysis page.