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Cygnus Metals Limited ( (AU:CY5) ) has issued an announcement.
Cygnus Metals Limited has announced a 78% increase in the Measured and Indicated (M&I) resource at its Chibougamau Copper-Gold Project, driven by successful exploration efforts, particularly at the new Golden Eye deposit. This substantial increase in resources provides a strong foundation for advancing economic studies and positions the project as a premier near-term development opportunity, with significant potential for further growth and increased production capacity.
The most recent analyst rating on (AU:CY5) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Cygnus Metals Limited stock, see the AU:CY5 Stock Forecast page.
More about Cygnus Metals Limited
Cygnus Metals Limited is a company operating in the mining industry, focusing on the exploration and development of copper, gold, and silver resources. The company is actively involved in the Chibougamau Copper-Gold Project in Quebec, which is a significant development opportunity with established infrastructure and a focus on expanding its resource base.
Average Trading Volume: 1,944,117
Technical Sentiment Signal: Buy
Current Market Cap: A$117.1M
For an in-depth examination of CY5 stock, go to TipRanks’ Overview page.