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Gascoyne Resources Limited ( (AU:SPR) ) has provided an announcement.
Ramelius Resources Limited has successfully completed the acquisition of Spartan Resources Limited through a scheme of arrangement. This acquisition is expected to be transformational, integrating Spartan’s exploration capabilities with Ramelius’s production strengths, and is part of Ramelius’s strategy to become a 500,000-ounce gold producer within five years. The merger will result in changes to the executive team and the delisting of Spartan from the ASX, reflecting a significant shift in the company’s operational and strategic direction.
The most recent analyst rating on (AU:SPR) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Gascoyne Resources Limited stock, see the AU:SPR Stock Forecast page.
More about Gascoyne Resources Limited
Ramelius Resources Limited is a company operating in the mining industry, primarily focused on gold production and exploration. It is known for its strategic acquisitions and aims to become a significant player in the gold production market.
Average Trading Volume: 6,084,331
Technical Sentiment Signal: Buy
Current Market Cap: A$2.74B
For a thorough assessment of SPR stock, go to TipRanks’ Stock Analysis page.