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The latest update is out from Providence Gold Mines Inc ( (TSE:PHD) ).
Providence Gold Mines Inc. has announced a non-brokered Unit Private Placement Financing of up to $250,000, aimed at funding regulatory fees, sampling, and evaluation of potential underground mineralization at the La Dama de Oro property. The company has secured necessary permits for bulk sampling and other operational requirements, positioning itself for potential future production. This financing initiative is part of Providence’s broader strategy to explore and develop the La Dama de Oro property, which holds significant potential for gold and silver mineralization.
More about Providence Gold Mines Inc
Providence Gold Mines Inc. operates in the mining industry, focusing on the exploration and development of gold properties. The company is engaged in activities related to the La Dama de Oro Gold Property, located in the Silver Mountain Mining District, which is known for its structurally controlled, low-sulfidation epithermal gold-silver vein systems.
Average Trading Volume: 95,758
Technical Sentiment Signal: Sell
Current Market Cap: C$1.59M
Find detailed analytics on PHD stock on TipRanks’ Stock Analysis page.