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Sonoro Gold ( (TSE:SGO) ) has issued an announcement.
Sonoro Gold Corp. has secured final acceptance for a surface rights lease agreement for its Cerro Caliche Gold Project in Sonora, Mexico, granting it full control over the surface and mineral rights. This agreement is pivotal for the construction and operation of the proposed open-pit, heap leach mining operation, which is in the final permitting stage. The project aims to develop an initial 12,000 tonnes per day operation to fund further exploration and potential expansion, with promising economic assessments indicating significant profitability at current gold prices.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico. The company is equipped with experienced operational and management teams.
Average Trading Volume: 270,925
Technical Sentiment Signal: Buy
Current Market Cap: C$41.87M
See more insights into SGO stock on TipRanks’ Stock Analysis page.