tiprankstipranks
Trending News
More News >

EV Resources Sells Yanamina Gold Project to Daura Gold Corp for $6M

Story Highlights
EV Resources Sells Yanamina Gold Project to Daura Gold Corp for $6M

Confident Investing Starts Here:

EV Resources Limited ( (AU:EVR) ) just unveiled an update.

EV Resources Limited has agreed to sell its Yanamina Gold and Silver Project in Peru to Daura Gold Corp for US$6 million. This transaction is part of EVR’s strategy to streamline its operations by disposing of non-core assets, potentially boosting its cash reserves and allowing the company to focus on its main projects. The sale includes a series of milestone payments and provides EVR with an option to maintain exposure to gold without additional funding obligations.

More about EV Resources Limited

EV Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold and silver projects, with a market focus on enhancing its portfolio through strategic acquisitions and divestitures.

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$9.93M

Find detailed analytics on EVR stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App