Southern Cross Gold Secures Shareholder Approval at AGM

Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) has issued an update.

Southern Cross Gold Consolidated Ltd. announced the results of its Annual General Meeting, where all proposed resolutions were approved by the shareholders. The meeting saw representation from approximately 37.06% of the company’s total issued and outstanding common shares. This approval supports the company’s strategic plans, including advancing the Sunday Creek project, which is poised to become a significant player in the gold and antimony markets. The company’s strong cash position and extensive drilling program underscore its commitment to developing this globally significant resource.

The most recent analyst rating on (AU:SX2) stock is a Hold with a A$6.10 price target. To see the full list of analyst forecasts on Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs stock, see the AU:SX2 Stock Forecast page.

More about Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs

Southern Cross Gold Consolidated Ltd. is involved in the exploration and development of the Sunday Creek Gold-Antimony Project, located near Melbourne, Australia. The project is notable for its significant gold and antimony deposits, with a ‘Golden Ladder’ structure that extends over a 1.2 km strike length. The company is strategically positioned as a potential key supplier of antimony, a critical metal, particularly in light of China’s export restrictions. Southern Cross Gold is part of the US Defense Industrial Base Consortium and benefits from Australia’s AUKUS-related legislative changes, which enhance its market positioning.

Average Trading Volume: 619,812

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$2B

For detailed information about SX2 stock, go to TipRanks’ Stock Analysis page.