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An update from Compass Gold ( (TSE:CVB) ) is now available.
Compass Gold Corp. announced the conversion of 93% of its outstanding convertible debentures into common shares, a move reflecting strong shareholder confidence. This conversion, along with the payment of accrued interest in shares, is set to bolster the company’s transition to a gold producer upon receiving a mining permit for its Massala Small Mine project in Mali, positioning Compass to capitalize on high gold prices and generate significant cash flow.
More about Compass Gold
Compass Gold Corp. is a public company based in Ontario, listed as a Tier 2 issuer on the TSX-V. It focuses on gold exploration, holding permits in Mali through its acquisition of MGE and Malian subsidiaries in 2017. The company’s exploration permits cover four sites in southern Mali, totaling 1,173 square kilometers.
YTD Price Performance: -2.86%
Average Trading Volume: 22,367
Technical Sentiment Signal: Hold
Current Market Cap: C$18.34M
Find detailed analytics on CVB stock on TipRanks’ Stock Analysis page.