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An announcement from Sunstone Metals Limited ( (AU:STM) ) is now available.
Sunstone Metals Limited has announced a significant 33% increase in the resource estimate for its Bramaderos Gold-Copper Project in Southern Ecuador, bringing the total to 3.6 million ounces of gold equivalent. This expansion includes a substantial increase in the Indicated Resources category, which now stands at 600,000 ounces, and highlights the project’s potential for further growth through future drilling programs. The announcement underscores the project’s world-class scale and positions it for potential development as a low-cost open-pit operation, promising substantial returns for stakeholders.
The most recent analyst rating on (AU:STM) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Sunstone Metals Limited stock, see the AU:STM Stock Forecast page.
More about Sunstone Metals Limited
Sunstone Metals Limited operates in the mining industry, focusing on the exploration and development of gold and copper resources. The company is particularly involved in projects that have significant potential for large-scale open-pit mining operations.
YTD Price Performance: 140.0%
Average Trading Volume: 11,168,872
Technical Sentiment Signal: Buy
Current Market Cap: A$152.9M
For an in-depth examination of STM stock, go to TipRanks’ Overview page.