Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Golden State Mining Ltd. ( (AU:GSM) ) has shared an announcement.
Golden State Mining Limited has announced a series of cash preservation measures, including making the Exploration Manager position redundant and the resignation of Managing Director Mike Moore, effective November 2025. These changes aim to achieve significant cost savings and streamline operations as the company considers future opportunities. Additionally, the company has terminated its office lease to further reduce fixed costs. In a separate development, Marc Boudames has resigned as Company Secretary and CFO, with John Ribbons appointed as his successor. Ribbons brings over twenty-five years of experience in corporate governance and compliance, particularly in the resources sector, and will oversee ASX communications related to listing rule matters.
More about Golden State Mining Ltd.
Golden State Mining Limited operates in the resources sector, focusing on exploration and mining activities. The company is involved in the development and management of mining projects, with a particular emphasis on exploration operations.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.51M
Learn more about GSM stock on TipRanks’ Stock Analysis page.