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Taung Gold International Limited ( (HK:0621) ) has shared an update.
Taung Gold International Limited announced a one-year postponement in the development timetable for its Jeanette Project due to the need for finalizing mining plans and financing arrangements. The company is actively engaged in discussions with MCC and other state-owned contractors from the PRC to secure financing and refine project execution strategies. The delay allows for additional negotiations and due diligence, with site visits and contract drafting scheduled for the coming months, potentially impacting the company’s operational timeline and stakeholder expectations.
More about Taung Gold International Limited
Taung Gold International Limited operates in the mining industry, focusing on the development and production of gold. The company is involved in significant projects such as the Jeanette Project and the Evander Project, aiming to expand its market presence and production capabilities.
Average Trading Volume: 7,828,433
Technical Sentiment Signal: Buy
Current Market Cap: HK$943.9M
See more data about 0621 stock on TipRanks’ Stock Analysis page.