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Santa Fe Minerals Ltd. ( (AU:SFM) ) just unveiled an update.
Wia Gold Limited has completed the divestment of all its non-core gold exploration permits in Côte d’Ivoire to Santa Fe Minerals Limited, receiving 20 million ordinary shares and 8 million performance rights in the ASX-listed acquirer. The transaction enables Wia to maintain financial and strategic exposure to the Ivorian assets through its shareholding in Santa Fe, while sharpening its focus and capital allocation on advancing its flagship Kokoseb gold project in Namibia, which already hosts a multi-million-ounce resource and underpins the company’s growth strategy in a stable African mining jurisdiction.
The most recent analyst rating on (AU:SFM) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on Santa Fe Minerals Ltd. stock, see the AU:SFM Stock Forecast page.
More about Santa Fe Minerals Ltd.
Wia Gold Limited is an ASX-listed gold exploration company focused on developing the Kokoseb gold deposit in north-west Namibia, a recognised mining jurisdiction with established production of uranium, diamonds, gold and base metals. Kokoseb forms part of Wia’s larger Damaran Project, comprising 12 tenements over more than 2,700km², and hosts an updated Indicated and Inferred Mineral Resource Estimate of 2.93 million ounces of gold at 1.0 g/t, including a higher-grade portion of 2.07 million ounces at 1.4 g/t at higher cut-off grades.
Average Trading Volume: 83,869
Technical Sentiment Signal: Buy
Current Market Cap: A$44.99M
For detailed information about SFM stock, go to TipRanks’ Stock Analysis page.