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Xanadu Mines Ltd ( (AU:XAM) ) has provided an announcement.
Xanadu Mines Ltd has announced that Zijin Mining Group Co., Ltd, along with its subsidiaries, has ceased to be a substantial holder in the company as of June 13, 2025. This change follows the acceptance of an off-market takeover bid by Bastion Mining Pte. Ltd., where Zijin and its associated entities sold their shares at AUD $0.08 each. This transaction signifies a shift in ownership and could impact Xanadu’s market positioning and stakeholder interests.
More about Xanadu Mines Ltd
Average Trading Volume: 8,804,250
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.