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The latest announcement is out from Capricorn Metals Ltd ( (AU:CMM) ).
BPM Minerals Ltd has entered into a binding agreement to sell its Claw Gold Project to Capricorn Metals Ltd for an up-front consideration of $1.5 million, with additional contingent milestone payments possible. This transaction strengthens BPM’s financial position, providing approximately $3.5 million in cash to fund exploration at its newly acquired Forelands Gold Project, which offers near-term resource conversion opportunities and significant exploration potential.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$7.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
More about Capricorn Metals Ltd
Capricorn Metals Ltd is a company involved in the gold mining industry, owning significant projects such as the Karlawinda and Mt Gibson Gold Projects in Western Australia. The company has a market capitalization of approximately $4.1 billion, indicating its substantial presence in the gold mining sector.
Average Trading Volume: 1,586,985
Technical Sentiment Signal: Buy
Current Market Cap: A$4B
For an in-depth examination of CMM stock, go to TipRanks’ Overview page.