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Pacgold Limited ( (AU:PGO) ) just unveiled an update.
Pacgold Limited has successfully secured $13.0 million through a two-tranche placement, receiving strong backing from both new and existing institutional and sophisticated investors. The funds will be utilized to acquire and restart the White Dam Gold Project, refurbish existing infrastructure, and advance exploration in North Queensland. This strategic acquisition is expected to provide Pacgold with immediate production capacity and exploration opportunities, positioning the company for near-term gold production and cash flow generation, thereby enhancing value creation for shareholders.
More about Pacgold Limited
Pacgold Limited is a Queensland-focused gold exploration company, primarily engaged in the exploration and development of gold projects. The company is focused on its North Queensland Gold-Antimony Projects and is expanding its portfolio with the acquisition of the White Dam Gold Project in South Australia.
Average Trading Volume: 775,546
Technical Sentiment Signal: Buy
Current Market Cap: A$21.28M
For an in-depth examination of PGO stock, go to TipRanks’ Overview page.