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Black Cat Syndicate Ltd. ( (AU:BC8) ) just unveiled an announcement.
Black Cat Syndicate Limited has awarded the open pit mining contract for its Fingals project to Mineral Mining Services, following a competitive tender process. The contract encompasses drilling, blasting, and mining of material, with the initial phase of grade control drilling completed. The Fingals open pit is expected to deliver significant gold output to the Lakewood processing facility, with reoptimisation efforts potentially increasing its size. The company is also preparing to commence underground development at Majestic, which, along with Fingals, will serve as primary ore sources for sustained production.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
More about Black Cat Syndicate Ltd.
Black Cat Syndicate Limited operates in the gold mining industry, focusing on the exploration and development of gold resources. The company is primarily involved in the Kal East Gold Operation, which includes the Fingals open pit and the Majestic underground development, with a market focus on gold production to supply its Lakewood processing facility.
Average Trading Volume: 3,435,778
Technical Sentiment Signal: Buy
Current Market Cap: A$569.6M
Learn more about BC8 stock on TipRanks’ Stock Analysis page.