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Santana Minerals Ltd. ( (AU:SMI) ) just unveiled an announcement.
Santana Minerals Limited has announced a A$60 million placement to sophisticated and professional investors, completed on August 18, 2025, at an issue price of A$0.58 per share. The company is also offering a Share Purchase Plan (SPP) to eligible shareholders, allowing them to purchase up to A$30,000 worth of new shares at the same price, without incurring brokerage costs. The proceeds from these initiatives will be used to advance the Bendigo Ophir Gold Project, acquire lands impacted by mining operations, and explore high-priority targets, thereby strengthening the company’s operational capabilities and market position.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$0.80 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 Limited is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in advancing the Bendigo Ophir Gold Project in New Zealand, with a market focus on expanding its mining operations and exploration activities.
Average Trading Volume: 1,124,108
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$433.6M
For a thorough assessment of SMI stock, go to TipRanks’ Stock Analysis page.