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West Wits Mining Limited ( (AU:WWI) ) has shared an update.
West Wits Mining has upsized its institutional placement to A$33.74 million after Tribeca Investment Partners lifted its strategic investment to A$10 million, cementing Tribeca as a cornerstone institutional shareholder. The funding fully finances the Qala Shallows project through to steady-state production of 70,000 ounces of gold per year over 12 years, strengthens the company’s balance sheet as it optimises senior debt, and supports additional work including mine development, a scoping study on Project 200 and a drilling program at the BRC uranium project, reinforcing West Wits’ transition into a gold producer and its positioning within the South African underground gold sector.
The most recent analyst rating on (AU:WWI) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.
More about West Wits Mining Limited
West Wits Mining Limited is an ASX-listed resources company focused on gold and uranium projects, with its flagship Qala Shallows project forming part of the broader Witwatersrand Basin in South Africa. The company is transitioning from developer to producer, targeting steady-state underground gold production and seeking to grow its institutional investor base to support long-life, scalable growth across its portfolio.
Average Trading Volume: 12,471,232
Technical Sentiment Signal: Buy
Current Market Cap: A$354.7M
See more data about WWI stock on TipRanks’ Stock Analysis page.