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Resolute Mining ( (AU:RSG) ) has provided an update.
Resolute Mining has announced its support for the acquisition of Loncor Gold Inc by Chengtun Mining Group, in a transaction valued at approximately US$31 million for Resolute’s shares. This move is expected to bolster Resolute’s financial position and aid in advancing its strategic growth initiatives in its African gold portfolio.
The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.
More about Resolute Mining
Resolute Mining is a company in the mining industry, primarily focusing on gold production. The company has a significant presence in Africa, with key projects including the Doropo Project in Côte d’Ivoire and the Mako Mine in Senegal.
Average Trading Volume: 12,223,869
Technical Sentiment Signal: Buy
Current Market Cap: A$2.29B
For a thorough assessment of RSG stock, go to TipRanks’ Stock Analysis page.