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An update from Snowline Gold Corp. ( (TSE:SGD) ) is now available.
Snowline Gold Corp. announced a private placement in which B2Gold Corp. will maintain its 9.9% stake by purchasing up to 1,123,194 common shares at $9.00 each, raising up to C$10,108,746. The proceeds will be used to advance Snowline’s projects in the Yukon Territory, enhancing its exploration and development efforts, particularly in the Valley gold deposit, which has shown potential for a long-life mining operation with low production costs.
The most recent analyst rating on (TSE:SGD) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Snowline Gold Corp. stock, see the TSE:SGD Stock Forecast page.
More about Snowline Gold Corp.
Snowline Gold Corp. is a gold exploration and development company focused on the Yukon Territory. It has a substantial mineral claim portfolio and is advancing its Valley gold deposit, which is part of the Rogue Project in the Selwyn Basin. The company holds a strategic position in the Tintina Gold Province, offering significant opportunities for investors.
Average Trading Volume: 158,895
Technical Sentiment Signal: Buy
Current Market Cap: C$1.5B
See more insights into SGD stock on TipRanks’ Stock Analysis page.