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The latest announcement is out from GBM Resources Limited ( (AU:GBZ) ).
GBM Resources Limited has successfully completed the divestment of its White Dam gold-copper heap leach project in South Australia to Pacgold Limited. This transaction provides GBM with non-dilutionary funding, enabling the company to concentrate on its Drummond Basin gold assets, particularly the Twin Hills Gold Project, while maintaining potential benefits from both White Dam and Pacgold’s other assets.
The most recent analyst rating on (AU:GBZ) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on GBM Resources Limited stock, see the AU:GBZ Stock Forecast page.
More about GBM Resources Limited
GBM Resources Limited is a company operating in the mining industry, focusing on gold and copper assets. The company is primarily involved in the exploration and development of mineral resources, with a significant focus on its gold projects in Queensland, Australia.
Average Trading Volume: 13,550,145
Technical Sentiment Signal: Sell
Current Market Cap: A$153.6M
Learn more about GBZ stock on TipRanks’ Stock Analysis page.