Lincoln Gold Acquires Bell Mountain Project, Files Economic Assessment

Lincoln Gold Mining ( (TSE:LMG) ) has issued an update.

Lincoln Gold Mining has completed the acquisition of the Bell Mountain Gold-Silver Project, securing a 100% interest in the site located in Nevada. The acquisition involves issuing shares to Eros Resources, making Eros an insider of the company. Lincoln plans to secure funding for the project’s construction, which is expected to take 8-10 months. Concurrently, Lincoln has filed an independent technical report outlining the economic viability of the project, emphasizing a solid cash flow potential with gold and silver prices set at $2,200/oz and $24/oz respectively.

More about Lincoln Gold Mining

Lincoln Gold Mining Inc. operates in the mining industry, focusing on the exploration and development of gold and silver mining projects. The company is involved in acquiring, developing, and managing mineral resources, particularly in strategic locations such as Churchill County, Nevada.

YTD Price Performance: 8.00%

Average Trading Volume: 16,667

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$2.44M

For detailed information about LMG stock, go to TipRanks’ Stock Analysis page.