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S2 Resources ( (AU:S2R) ) just unveiled an update.
S2 Resources has completed the sale of its Fosterville exploration licence EL007795 in Victoria to a subsidiary of Agnico Eagle Mines for A$17 million, boosting its total cash holdings to more than A$21.5 million. The strengthened balance sheet leaves S2 well funded to accelerate exploration without near-term equity dilution, including initial reconnaissance drilling of geophysical anomalies at its Warraweena project in northern New South Wales and advancing access negotiations with traditional owners at the Jillewarra gold joint venture in Western Australia, while it continues to assess further exploration opportunities in Australia and overseas.
The most recent analyst rating on (AU:S2R) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on S2 Resources stock, see the AU:S2R Stock Forecast page.
More about S2 Resources
S2 Resources is an Australian mineral exploration company focused on identifying and advancing gold and base metals projects, with current activities centered on exploration assets in New South Wales and Western Australia. The company operates through earn-in joint ventures and wholly owned tenements, targeting underexplored structural corridors near established gold mining operations to build a diversified exploration pipeline.
Average Trading Volume: 664,590
Technical Sentiment Signal: Sell
Current Market Cap: A$37.18M
See more data about S2R stock on TipRanks’ Stock Analysis page.