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Santana Minerals Ltd. ( (AU:SMI) ) has shared an update.
Santana Minerals Ltd announced significant progress in its Bendigo-Ophir Gold Project, driven by favorable gold prices and supportive New Zealand legislation. The company’s efforts have led to a successful application for development consents under the Fast Track Approvals Act, positioning the project as a major economic contributor. With improved project economics and strategic land acquisitions, Santana aims to reduce operating costs and enhance shareholder value, marking a pivotal step in its growth trajectory.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.63 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
More about Santana Minerals Ltd.
Santana Minerals Ltd is a company operating in the mining industry, focusing primarily on gold exploration and production. The company is advancing its Bendigo-Ophir Gold Project in New Zealand, leveraging the Rise & Shine discovery to achieve long-term profitable gold production.
Average Trading Volume: 1,502,717
Technical Sentiment Signal: Buy
Current Market Cap: A$723.3M
See more insights into SMI stock on TipRanks’ Stock Analysis page.