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Labyrinth Resources Limited ( (AU:GG8) ) has provided an announcement.
Gorilla Gold Mines Ltd has notified the ASX of the lapse of a total of 1,435,625 performance rights, comprising 1,300,000 securities under code GG8AD and 135,625 under code GG8AN, effective 31 December 2025. The rights lapsed because the conditions attached to these securities were not met or became incapable of being satisfied, slightly reducing the company’s potential future equity dilution and signaling that certain performance or vesting milestones tied to these incentives were not achieved, which may be relevant to shareholder assessments of management performance and capital structure.
The most recent analyst rating on (AU:GG8) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Labyrinth Resources Limited stock, see the AU:GG8 Stock Forecast page.
More about Labyrinth Resources Limited
Gorilla Gold Mines Ltd is an ASX-listed resources company operating in the gold mining and exploration industry, focused on identifying, developing and managing gold assets for investors in the Australian market and potentially internationally.
Average Trading Volume: 1,491,421
Technical Sentiment Signal: Buy
Current Market Cap: A$383.3M
For an in-depth examination of GG8 stock, go to TipRanks’ Overview page.