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Labyrinth Resources Limited ( (AU:GG8) ) just unveiled an announcement.
Gorilla Gold Mines Ltd has completed the acquisition of the remaining 49% stake in the Comet Vale Project, securing full ownership. This strategic move aims to enhance the company’s resource base and capitalize on recent discoveries at the Lakeview and Sovereign Prospects. The acquisition is expected to bolster Gorilla’s position in the gold mining sector, offering significant growth potential and operational synergies.
More about Labyrinth Resources Limited
Gorilla Gold Mines Ltd is a company operating in the mining industry, focusing on gold exploration and production. Its primary project is the Comet Vale Project, which has a historical production of over 200,000 ounces of gold and hosts a Mineral Resource Estimate of 96,000 ounces. The project is located in a region with multiple operational gold mills, providing strategic advantages for production and growth.
Average Trading Volume: 1,922,716
Technical Sentiment Signal: Hold
Current Market Cap: A$326.1M
For detailed information about GG8 stock, go to TipRanks’ Stock Analysis page.