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Chalice Mining ( (AU:CHN) ) just unveiled an update.
Chalice Mining Limited has issued over 2 million performance rights and more than 3.5 million options to its key management personnel and employees as part of its Employee Securities Incentive Plan. This move reflects the company’s strategy to shift towards equity-based incentives, reducing cash remuneration and aligning more closely with shareholder interests. The issuance includes a significant allocation to the Managing Director and non-executive directors, contingent on shareholder approval at the upcoming Annual General Meeting. This initiative underscores Chalice Mining’s focus on cash preservation and shareholder alignment, potentially impacting its operational strategies and stakeholder relations.
The most recent analyst rating on (AU:CHN) stock is a Hold with a A$1.70 price target. To see the full list of analyst forecasts on Chalice Mining stock, see the AU:CHN Stock Forecast page.
More about Chalice Mining
Chalice Mining Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is known for its commitment to preserving cash and aligning with shareholder interests through equity-based incentive plans.
Average Trading Volume: 2,543,330
Technical Sentiment Signal: Hold
Current Market Cap: A$680.9M
For detailed information about CHN stock, go to TipRanks’ Stock Analysis page.