Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Toho Zinc Co ( (JP:5707) ) is now available.
Toho Zinc Co., Ltd. has completed its withdrawal from the mineral resources business by transferring its shares in Abra Mining Pty Ltd to Endurance Mining Pty Ltd, following Abra’s entry into Voluntary Administration and subsequent restructuring. This move, along with previous divestitures of the Endeavor and Rasp Mines, marks Toho Zinc’s full exit from mining operations, allowing the company to focus on its core and growth businesses. The financial impact of these transactions on the company’s results for the fiscal year ending March 31, 2026, is expected to be minimal.
More about Toho Zinc Co
Toho Zinc Co., Ltd. operates within the mineral resources industry, focusing on mining and related activities. The company has been involved in various mining projects, including the Abra Mining project in Australia, through its subsidiary CBH Resources Limited.
YTD Price Performance: 31.39%
Average Trading Volume: 202,385
Technical Sentiment Signal: Sell
Current Market Cap: Yen9.78B
Find detailed analytics on 5707 stock on TipRanks’ Stock Analysis page.