Predictive Discovery Faces Permit Revocations in Guinea

Predictive Discovery Limited ( (AU:PDI) ) just unveiled an announcement.

Predictive Discovery Limited announced that the Guinean Ministry of Mines and Geology has revoked over 100 exploration permits, including the Argo and Bokoro permits held by the company. While the company plans to appeal these revocations, the Bankan Gold Project, which holds a significant portion of the company’s mineral resources, remains unaffected and is progressing through the permit application process. This development could impact the company’s exploration activities, but the stability of the Bankan project offers some reassurance to stakeholders.

The most recent analyst rating on (AU:PDI) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on Predictive Discovery Limited stock, see the AU:PDI Stock Forecast page.

More about Predictive Discovery Limited

Predictive Discovery Limited operates in the mining industry, focusing on mineral exploration and development. The company is primarily involved in gold exploration projects, with a significant emphasis on the Bankan Gold Project in Guinea.

Average Trading Volume: 3,813,032

Technical Sentiment Signal: Buy

Current Market Cap: A$1.13B

See more data about PDI stock on TipRanks’ Stock Analysis page.