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Banyan Gold ( (TSE:BYN) ) has issued an announcement.
Banyan Gold Corp. has successfully closed a non-brokered private placement, raising approximately $14.5 million. This funding will support the advancement of the AurMac Project through an expanded drill program, metallurgy, engineering, and community engagement efforts in 2025 and 2026. The proceeds will be used for eligible Canadian exploration expenses and general administrative costs, positioning Banyan to capitalize on high-grade results and strategic targets.
More about Banyan Gold
Banyan Gold Corp. is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in advancing its projects in the Yukon, with a particular emphasis on the AurMac Project.
YTD Price Performance: 21.05%
Average Trading Volume: 307,966
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$75.86M
See more insights into BYN stock on TipRanks’ Stock Analysis page.
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