Equus Mining Ltd. (AU:EQE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Equus Mining Limited has completed the sale of its Chilean assets to Andean Silver Limited, marking a significant transition for the company. As they actively seek new investment opportunities, Equus is poised to receive a potential bonus payment of A$1 million if Andean Silver announces a high-grade silver resource within five years. Meanwhile, the company’s financial position shows a cash reserve of $39,000 with no exploration expenditures and ongoing administrative costs, as they focus on strategic growth.
For further insights into AU:EQE stock, check out TipRanks’ Stock Analysis page.