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Sonoro Gold ( (TSE:SGO) ) just unveiled an announcement.
Sonoro Gold Corp. announced a fully-subscribed $3 million private placement to fund the ongoing development of its Cerro Caliche gold project in Sonora, Mexico. The proceeds will be used to secure full ownership of the mining concessions, update the Preliminary Economic Assessment, and cover regional permitting costs, enhancing the company’s operational capabilities and strategic positioning in the mining sector.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed exploration and development company with projects in Sonora State, Mexico, including the development-stage Cerro Caliche project and the exploration-stage San Marcial project. The company is supported by experienced operational and management teams with a track record in discovering and developing natural resource deposits.
Average Trading Volume: 326,299
Technical Sentiment Signal: Buy
Current Market Cap: C$51.4M
For detailed information about SGO stock, go to TipRanks’ Stock Analysis page.