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St James Gold ( (TSE:LORD) ) has provided an update.
St. James Gold Corp. has reached a settlement with Florin Resources Inc. to resolve a debt of $1,213,500, which involved transferring the Quinn Lake Property and restructuring remaining debt obligations. This agreement is expected to ease financial constraints, enabling the company to focus on exploring the Grub Line Property, which may benefit from recent high-grade gold discoveries in the area. Additionally, the company has made changes in its management, appointing Logan Anderson as the new Chief Financial Officer.
More about St James Gold
St. James Gold Corp. operates in the mining industry, focusing on mineral exploration. The company holds properties in Newfoundland, including the Grub Line Property, which is adjacent to Newfound Gold’s Queensway Gold Project known for high-grade gold discoveries.
YTD Price Performance: 66.67%
Average Trading Volume: 9,509
Technical Sentiment Signal: Hold
Current Market Cap: C$5.09M
See more insights into LORD stock on TipRanks’ Stock Analysis page.