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PEARL GOLD ( (DE:02P) ) just unveiled an announcement.
Pearl Gold AG announced that Faboula Gold S.A., in which it holds a 25 percent stake, has reached a settlement agreement with the State of Mali. This agreement includes a ten-year extension of Faboula Gold S.A.’s mining license, investment and recapitalization commitments, and a payment of two billion CFA francs to the State of Mali. Pearl Gold AG is not directly involved in the agreement and has no payment obligations, but the settlement impacts its interests as a shareholder.
More about PEARL GOLD
Pearl Gold AG is a company involved in the gold mining industry, holding a 25 percent stake in Faboula Gold S.A. The company is focused on investments and operations related to gold mining, with a market presence in regulated and free markets in Frankfurt, Berlin, and Stuttgart.
Average Trading Volume: 2,455
Technical Sentiment Signal: Hold
Current Market Cap: €12M
For detailed information about 02P stock, go to TipRanks’ Stock Analysis page.