The latest update is out from Sanu Gold Corp. ( (TSE:SANU) ).
Sanu Gold Corp. has announced a $10 million private placement led by Montage Gold and the Lundin Family, aiming to further its exploration efforts in Guinea, West Africa. The funds will be used for expanding drilling programs and acquiring new exploration permits, with significant stakeholders maintaining their equity interests, potentially strengthening Sanu Gold’s position in the gold exploration industry.
More about Sanu Gold Corp.
Sanu Gold Corp. is a gold exploration company operating in the Siguiri Basin, a renowned gold district in Guinea, West Africa. The company focuses on exploring high-quality gold permits with the aim of discovering multi-million ounce gold deposits. Sanu Gold is managed by a team with a strong track record in discovery, resource development, and mine permitting.
YTD Price Performance: 55.00%
Average Trading Volume: 610,595
Technical Sentiment Signal: Sell
Current Market Cap: C$118.9M
For an in-depth examination of SANU stock, go to TipRanks’ Stock Analysis page.