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Belo Sun Mining ( (TSE:BSX) ) has shared an update.
Belo Sun Mining Corp. has announced a favorable ruling from the Federal Court of Appeals in Brasília, which designates the Pará State’s Secretariat of Environment and Sustainability (SEMAS) as the competent authority for the environmental permitting of the Volta Grande Gold Project. This decision reverses a previous ruling that assigned this responsibility to the Federal Brazilian Institute of the Environment. The ruling is seen as a positive development, given SEMAS’s familiarity with the project, and is expected to streamline the permitting process, potentially benefiting local communities and Indigenous Peoples as well as advancing the project’s development.
More about Belo Sun Mining
Belo Sun Mining Corp. is a mineral exploration and development company focused on gold properties in Brazil, primarily the Volta Grande Gold Project located in Pará State. The company trades on the TSX under the symbol ‘BSX’ and on the OTCQB under ‘BSXGF’.
YTD Price Performance: 12.50%
Average Trading Volume: 263,978
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$42M
See more data about BSX stock on TipRanks’ Stock Analysis page.
