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Golden Sky Minerals ( (TSE:AUEN) ) just unveiled an announcement.
Golden Sky Minerals has signed a $20 million earn-in agreement with Boliden Mineral Canada Ltd. for the development of the Rayfield-Gjoll copper-gold property in British Columbia. This partnership allows Boliden to earn an 80% interest in the Rayfield Property by funding exploration expenditures over six years, leading to a joint venture that will enhance exploration efforts in the prolific Quesnel Trough, a region known for its significant metal endowment and robust infrastructure.
Spark’s Take on TSE:AUEN Stock
According to Spark, TipRanks’ AI Analyst, TSE:AUEN is a Underperform.
Golden Sky Minerals faces major challenges with no revenue, persistent losses, and negative cash flow, which significantly affect its overall score. The bearish technical indicators and poor valuation further contribute to a low score, suggesting substantial risks for investors.
To see Spark’s full report on TSE:AUEN stock, click here.
More about Golden Sky Minerals
Golden Sky Minerals Corp. operates in the mining industry, focusing on the exploration and development of copper and gold properties. The company is engaged in developing its wholly-owned copper-gold porphyry Rayfield Property and is strategically positioned within the Quesnel Trough, a significant porphyry copper belt in Canada.
Average Trading Volume: 94,631
Technical Sentiment Signal: Buy
Current Market Cap: C$9.86M
Learn more about AUEN stock on TipRanks’ Stock Analysis page.