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The latest announcement is out from Sunshine Gold Ltd ( (AU:SHN) ).
Sunshine Metals has received $634,302 as a first and final dividend from the liquidation of Pluton Resources, relating to long-outstanding royalty payments on iron ore shipments from the Cockatoo Island Project made in the 2015 financial year. The funds will be directed into ongoing exploration at Sunshine’s Sybil epithermal gold targets and the Liontown gold study, providing a non-dilutive cash boost that supports project advancement and potentially strengthens the company’s exploration momentum in its core Queensland assets.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
More about Sunshine Gold Ltd
Sunshine Metals Limited is an Australian mineral exploration company focused on gold and base metals, with its flagship Ravenswood Consolidated Project in Queensland targeting zinc, copper, lead, gold, silver and molybdenum in a region that has historically produced substantial gold and VMS ore. The company’s portfolio includes the Liontown Dome with a defined VMS resource and high-grade gold intersections, advanced Au-Cu VMS targets at Coronation and Highway East, and the Sybil low-sulphidation epithermal gold system near Townsville, while its Investigator (copper) and Hodgkinson (gold-tungsten) projects are slated for orderly divestment.
Average Trading Volume: 8,102,484
Technical Sentiment Signal: Buy
Current Market Cap: A$72.17M
For detailed information about SHN stock, go to TipRanks’ Stock Analysis page.