Horizon Gold Sells Alto Metals Stake for Profit

Alto Metals Ltd (AU:AME) has released an update.

Horizon Gold Limited has successfully sold its entire stake in Alto Metals Limited, resulting in a significant profit of $5.16 million. The proceeds from this sale will bolster Horizon’s efforts in advancing the Gum Creek Feasibility Study and repaying a short-term loan. This move strengthens Horizon’s position in its quest to become a leading gold producer in Western Australia’s Sandstone district.

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