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An announcement from Mawson Resources ( (TSE:SXGC) ) is now available.
Southern Cross Gold Consolidated Ltd has announced an upsized private placement of approximately C$143 million to accelerate the development of its Sunday Creek Gold-Antimony Project. The funding will support key milestones such as drilling, decline development, and exploration target expansion, positioning the company for significant growth and development in the mining sector. The placement has attracted strong demand from institutional investors and existing shareholders, reflecting confidence in the company’s strategic direction.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd operates in the mining industry, focusing on the exploration and development of gold and antimony projects. The company’s primary market focus is on the Sunday Creek Gold-Antimony Project located in Australia.
YTD Price Performance: 45.20%
Average Trading Volume: 177,644
Technical Sentiment Signal: Sell
Current Market Cap: C$1.04B
For an in-depth examination of SXGC stock, go to TipRanks’ Stock Analysis page.