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The latest announcement is out from Aurum Resources Limited ( (AU:AUE) ).
Aurum Resources Limited has successfully completed a strategic placement, raising A$35.6 million through the issuance of 100 million ordinary shares. This capital will be used to accelerate the development of its gold projects in Côte d’Ivoire, including resource drilling, feasibility studies, and obtaining necessary approvals. The placement attracted significant investment from strategic partners, enhancing Aurum’s financial position and enabling it to advance its exploration and development activities.
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 company operating in the mining industry, focusing on gold exploration and development. The company owns the Boundiali and Napié gold projects in Côte d’Ivoire, with a combined gold resource of 2.47 million ounces.
Average Trading Volume: 711,956
Technical Sentiment Signal: Buy
Current Market Cap: A$108.3M
Find detailed analytics on AUE stock on TipRanks’ Stock Analysis page.