An announcement from Hamelin Gold Limited ( (AU:HMG) ) is now available.
Hamelin Gold Limited has completed the first tranche of its share placement, issuing a total of 38,775,000 shares to fund drilling and geochemical activities at its West Tanami and Yilgarn Gold Projects. This placement increases Gold Fields Limited’s stake in Hamelin to approximately 17.8%, with further shares to be issued to directors pending shareholder approval. The capital raised will bolster Hamelin’s exploration efforts, potentially enhancing its market position and stakeholder value.
More about Hamelin Gold Limited
Hamelin Gold Limited is an ASX-listed gold exploration company based in Perth, Western Australia, with significant landholdings in the Tanami Gold Province and Yilgarn District. The company focuses on exploring high-value, large-scale gold deposits and applying new exploration technologies in well-mineralized terrains. It boasts a strong board and management team and is supported by notable shareholders, including Gold Fields Limited and Vault Minerals Limited.
YTD Price Performance: 16.67%
Average Trading Volume: 137,824
Technical Sentiment Signal: Buy
Current Market Cap: A$11.07M
For detailed information about HMG stock, go to TipRanks’ Stock Analysis page.