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The latest update is out from Santa Fe Minerals Ltd. ( (AU:SFM) ).
Santa Fe Minerals Ltd has completed the acquisition of gold projects in Cote d’Ivoire from WIA Gold Limited, issuing 20 million ordinary shares and 8 million performance rights as consideration under a binding share sale agreement. With all conditions now satisfied, the company plans to advance exploration planning across its enlarged Ivorian gold portfolio, positioning itself for potential growth in West African gold exploration and signalling an upcoming phase of more detailed exploration activity to be outlined in a forthcoming update.
The most recent analyst rating on (AU:SFM) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on Santa Fe Minerals Ltd. stock, see the AU:SFM Stock Forecast page.
More about Santa Fe Minerals Ltd.
Santa Fe Minerals Ltd is an Australian mineral exploration company focused on gold projects, with a growing portfolio in West Africa’s Cote d’Ivoire, where it is seeking to expand its resource base and exploration footprint.
Average Trading Volume: 83,869
Technical Sentiment Signal: Buy
Current Market Cap: A$44.99M
Find detailed analytics on SFM stock on TipRanks’ Stock Analysis page.