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An update from Satori Resources ( (TSE:CGC) ) is now available.
McEwen Inc. and Canadian Gold Corp. have announced a binding letter of intent for McEwen to acquire Canadian Gold, making it a wholly-owned subsidiary. This transaction offers Canadian Gold shareholders a premium on their shares and access to McEwen’s resources, while McEwen benefits from acquiring a high-grade former producing mine with strong exploration potential, enhancing its development pipeline.
More about Satori Resources
Satori Resources operates in the mining industry, focusing on gold exploration and development. The company’s primary assets include the Tartan Mine in Manitoba, Canada, and exploration properties in Ontario and Quebec, which are adjacent to significant gold mines.
Average Trading Volume: 80,966
Technical Sentiment Signal: Buy
Current Market Cap: C$63.77M
For an in-depth examination of CGC stock, go to TipRanks’ Overview page.