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The latest announcement is out from Aurum Resources Limited ( (AU:AUE) ).
Aurum Resources Limited has announced a significant milestone with the delivery of a 1.6 million ounce Maiden JORC Resource at its Boundiali Gold Project in Côte d’Ivoire. This development is expected to enhance the company’s market position and attract strategic investments, as evidenced by their recent success in raising $35.6 million. The company’s ongoing exploration and drilling activities, along with its strategic acquisition of Mako Gold Limited, are poised to strengthen its foothold in the gold mining sector and potentially deliver substantial returns to stakeholders.
The most recent analyst rating on (AU:AUE) stock is a Buy with a A$0.63 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 rapidly growing company in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in advancing two significant gold projects located in Côte d’Ivoire.
Average Trading Volume: 788,110
Technical Sentiment Signal: Buy
Current Market Cap: A$107.1M
For detailed information about AUE stock, go to TipRanks’ Stock Analysis page.