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Pacgold Limited ( (AU:PGO) ) just unveiled an update.
Pacgold Limited has completed the acquisition of the White Dam Gold Operation in South Australia from GBM Resources Ltd. This acquisition includes significant infrastructure and offers near-term cash flow potential through the retreatment of existing materials. The strategic location of the project enhances Pacgold’s portfolio, providing a pathway to immediate gold production and future exploration opportunities. The acquisition terms include a cash payment, shares issuance, and a contingent payment upon achieving commercial production. The company is advancing site works to restart production, with minimal capital investment required, aligning with its broader strategy to generate short-term cash flow and support its flagship projects.
More about Pacgold Limited
Pacgold Limited is a company in the mining industry, focusing on gold and antimony exploration projects. It is involved in the acquisition and development of gold operations, with a market focus on highly prospective regions in Australia.
Average Trading Volume: 2,234,125
Technical Sentiment Signal: Sell
Current Market Cap: A$25.85M
For a thorough assessment of PGO stock, go to TipRanks’ Stock Analysis page.