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Metals Exploration ( (GB:MTL) ) has provided an announcement.
Metals Exploration PLC has signed an agreement with Almaden Minerals Ltd. to purchase a gold ore processing plant for $9.7 million, which will be relocated from Alaska to its La India project in Nicaragua. This acquisition is expected to expedite the development of the La India project, aiming to commence production by Q4 2026, thereby maintaining and potentially improving the company’s cash flow and operational efficiency.
More about Metals Exploration
Metals Exploration PLC is a gold production, exploration, and development company with assets in the Philippines and Nicaragua. The company focuses on advancing its projects in these regions, aiming to enhance its market position in the gold industry.
YTD Price Performance: 3.74%
Average Trading Volume: 3,799,345
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £142.7M
Learn more about MTL stock on TipRanks’ Stock Analysis page.