De Grey Mining Ltd ( (AU:DEG) ) just unveiled an update.
De Grey Mining Ltd has announced significant progress in its proposed acquisition by Northern Star Resources Ltd, with key milestones achieved in the Scheme of Arrangement. The company has also reported strong financial positioning with $743 million in cash and short-term deposits, which, along with a planned senior debt facility, is expected to fully fund the Hemi Gold Project development if the acquisition does not proceed. The company is advancing its environmental approvals and has made notable progress in project development, including successful infill drilling results at the Brolga site, enhancing the potential for future underground mining and improving production metrics.
More about De Grey Mining Ltd
De Grey Mining Ltd is a company operating in the mining industry, primarily focused on gold exploration and development. The company is known for its Hemi Gold Project and is actively engaged in mineral resource development and project financing.
YTD Price Performance: 20.0%
Average Trading Volume: 43,470
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.21B
For an in-depth examination of DEG stock, go to TipRanks’ Stock Analysis page.