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Mawson Resources ( (TSE:SXGC) ) has shared an update.
Southern Cross Gold Consolidated Ltd has successfully closed the second tranche of its private placement, raising approximately C$29.87 million. The funds will be used to advance the Sunday Creek Gold-Antimony Project, including drilling, decline development, and exploration, positioning the company for future growth and resource expansion.
The most recent analyst rating on (TSE:SXGC) stock is a Buy with a C$6.25 price target. To see the full list of analyst forecasts on Mawson Resources stock, see the TSE:SXGC Stock Forecast page.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd operates in the mining industry, focusing on gold and antimony projects. The company is actively engaged in the exploration and development of mineral resources, with a significant project located at Sunday Creek, north of Melbourne, Australia.
Average Trading Volume: 202,546
Technical Sentiment Signal: Buy
Current Market Cap: C$1.15B
See more data about SXGC stock on TipRanks’ Stock Analysis page.