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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.