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Goliath Resources ( (TSE:GOT) ) has issued an update.
Goliath Resources has announced a strategic investment from McEwen Mining, which will acquire a 3.76% stake in Goliath for C$10 million in shares. This investment highlights the significant potential of Goliath’s Surebet high-grade gold discovery, which has shown remarkable drilling results, including a 2024 campaign that uncovered extensive visible gold. The partnership with McEwen Mining, a renowned name in the mining sector, is expected to enhance Goliath’s market position and may lead to further exploration successes, including a potential new discovery of a volcanogenic massive sulphide deposit.
More about Goliath Resources
Goliath Resources Limited is a company involved in the gold mining industry, focusing on high-grade gold discoveries. It operates primarily in the Golden Triangle of British Columbia, a prominent gold mining jurisdiction in Canada.
YTD Price Performance: 77.33%
Average Trading Volume: 91,732
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $184M
For a thorough assessment of GOT stock, go to TipRanks’ Stock Analysis page.
