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Black Cat Syndicate Ltd. ( (AU:BC8) ) has shared an update.
Black Cat Syndicate Limited has signed a binding Ore Purchase Agreement with Auric Mining Limited to purchase up to 125,000 tonnes of ore, with a gold content of 1.8 g/t, from Auric’s operations. The ore will be processed at Black Cat’s Lakewood facility, with initial deliveries scheduled for September 2025 and completion by January 2026. This agreement is part of Black Cat’s strategy to enhance gold production and profitability while its new mines are being developed, ensuring efficient utilization of the Lakewood processing facility.
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 mining industry, focusing on gold production. The company is engaged in the extraction and processing of gold ore, with a strategic emphasis on maximizing mill utilization and accelerating gold production through its ‘More Gold, Sooner’ strategy.
Average Trading Volume: 4,378,293
Technical Sentiment Signal: Buy
Current Market Cap: A$576.7M
For a thorough assessment of BC8 stock, go to TipRanks’ Stock Analysis page.