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Lexington Gold ( (GB:LEX) ) has provided an update.
Lexington Gold announced its audited results for the year ending December 31, 2024, highlighting a net loss of $1.4 million due to the impairment of Project Argo in the US. Despite this, the company successfully completed a fundraising effort and renewed a key prospecting right in South Africa. The company made substantial advancements in its exploration projects, including a JORC-compliant Mineral Resource Estimate for the Jelani JV Project and a new drilling program in the US. These efforts are aimed at unlocking long-term shareholder value and strengthening their market position.
More about Lexington Gold
Lexington Gold is a gold exploration and development company with projects in South Africa and the USA. The company focuses on advancing high-quality gold exploration projects and has made significant progress in its operations, including executing drill programs and publishing mineral resource estimates.
Average Trading Volume: 454,835
Technical Sentiment Signal: Sell
Current Market Cap: £16.36M
For an in-depth examination of LEX stock, go to TipRanks’ Overview page.