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Satori Resources ( (TSE:CGC) ) has provided an announcement.
Canadian Gold Corp. has successfully closed a $3 million financing round, with McEwen Mining Inc. acquiring a 5.9% strategic stake in the company. The funds will be used to explore and develop the Tartan Mine’s Main and South Zones, potentially enhancing the company’s gold resource base and advancing development studies, which could strengthen its position in the mining industry.
More about Satori Resources
Canadian Gold Corp. is a Toronto-based mineral exploration and development company focused on expanding the high-grade gold resource at the Tartan Mine in Manitoba. The company also holds exploration properties in Ontario and Quebec near major Canadian gold mines and projects. It is 32% owned by Robert McEwen, founder of Goldcorp and CEO of McEwen Mining.
YTD Price Performance: 31.25%
Average Trading Volume: 52,776
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$39.78M
For detailed information about CGC stock, go to TipRanks’ Stock Analysis page.