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Orion Minerals Limited ( (AU:ORN) ) has provided an update.
Orion Minerals has reported that documentation for a previously announced US$200 million to US$250 million financing package and associated concentrate offtake agreement with Glencore for the Prieska copper-zinc project is progressing, but has been delayed by year-end holidays. The company said finalisation of the funding and offtake arrangements, which are key to advancing development of the Prieska project, will be updated to the market early in the new year, signalling continued momentum but a modest shift in timing for this critical capital package.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
More about Orion Minerals Limited
Orion Minerals Limited is an Australia-incorporated resources company listed on both the ASX and JSE, focused on developing the Prieska copper-zinc project through its subsidiary Prieska Copper Zinc Mine (Pty) Ltd.
Average Trading Volume: 1,196,796
Technical Sentiment Signal: Buy
Current Market Cap: A$171.1M
For a thorough assessment of ORN stock, go to TipRanks’ Stock Analysis page.