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WIA Gold Limited ( (AU:WIA) ) has shared an announcement.
Santa Fe Minerals Limited has entered into a binding agreement to acquire 80% of four gold projects in Côte d’Ivoire from WIA Gold Limited. These projects, covering 3,449 square kilometers, include both early-stage prospects and drill-ready targets, enhancing Santa Fe’s exploration pipeline. The acquisition is part of Santa Fe’s strategy to expand its gold project portfolio and is supported by a $6 million capital raise, pending shareholder approval.
The most recent analyst rating on (AU:WIA) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.
More about WIA Gold Limited
Santa Fe Minerals Limited operates in the mining industry, focusing on gold exploration and development. The company is engaged in acquiring and developing gold projects, with a market focus on expanding its portfolio of prospective gold assets.
Average Trading Volume: 1,688,194
Technical Sentiment Signal: Buy
Current Market Cap: A$494.3M
For detailed information about WIA stock, go to TipRanks’ Stock Analysis page.