Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Cygnus Gold Ltd. ( (AU:CY5) ) has issued an announcement.
Cygnus Metals Limited issued a clarification regarding its previous announcements about increasing its exploration ground and drilling activities at the Chibougamau Project. The clarification, requested by the Australian Securities Exchange, elaborates on copper metal equivalents calculations and metallurgical recovery assumptions, confirming that these do not affect the existing resource estimates. Additionally, further information was provided on electromagnetic survey results, which identified potential new conductors for exploration. This announcement supports the company’s strategy to enhance resource growth and stakeholder value through detailed exploration and development efforts.
More about Cygnus Gold Ltd.
Cygnus Metals Limited (ASX: CY5, TSXV: CYG) is a diversified critical minerals exploration and development company with operations in Quebec, Canada, and Western Australia. The company is focused on advancing its Chibougamau Copper-Gold Project in Quebec and has interests in lithium assets in the James Bay district, as well as rare earth element and base metal projects in Western Australia.
YTD Price Performance: 40.0%
Average Trading Volume: 942,836
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$118.8M
For detailed information about CY5 stock, go to TipRanks’ Stock Analysis page.
