Metallic Minerals (TSE:MMG) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Newmont Corporation has reinforced its stake in Metallic Minerals by exercising its right to purchase additional shares, maintaining its 9.5% interest. This move follows a strategic investment by Newmont in a drilling program at Metallic Minerals’ La Plata project, which recently showed promising results and is currently under resource modeling. The collaboration between the two companies continues to strengthen, with a focus on expanding the main Allard deposit and exploring new targets.
For further insights into TSE:MMG stock, check out TipRanks’ Stock Analysis page.