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African Energy Metals ( (TSE:MGMA) ) has issued an update.
Magma Silver Corp. has announced significant advancements in its Niñobamba silver-gold project in Peru, securing full control over its three contiguous zones and planning a diamond drilling campaign for late 2025. With over $10 million invested in exploration by major companies like Newmont and AngloGold, the project shows potential for a mid-sized mining operation, with upcoming exploration activities aimed at defining new high-grade drill targets.
More about African Energy Metals
Magma Silver Corp. is a natural resource company focused on the acquisition, exploration, development, and operation of precious metal mining exploration projects, primarily concentrating on the advanced Niñobamba silver-gold project in Peru.
Average Trading Volume: 61,942
Technical Sentiment Signal: Hold
Current Market Cap: C$5.6M
For an in-depth examination of MGMA stock, go to TipRanks’ Overview page.