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Focus Minerals Ltd ( (AU:FML) ) has provided an announcement.
Focus Minerals Ltd has announced the sale of its Laverton Gold Project to Genesis Minerals Limited for A$250 million in cash. This strategic decision aims to deliver immediate shareholder value and strengthen the company’s financial position, allowing it to focus on its other projects, including the Bonnie Vale Underground Mine and the Coolgardie Gold Project.
More about Focus Minerals Ltd
Focus Minerals Ltd is a company operating in the gold mining industry, primarily involved in the development and operation of gold projects. The company focuses on projects such as the Bonnie Vale Underground Mine and the Coolgardie Gold Project.
YTD Price Performance: 35.29%
Average Trading Volume: 170,342
Technical Sentiment Signal: Buy
Current Market Cap: A$65.91M
For detailed information about FML stock, go to TipRanks’ Stock Analysis page.