Goliath Resources Secures $1.73M from Warrant Exercises by Cornerstone Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Successful Financing: Goliath Resources has secured $1.73 million in recent weeks from cornerstone shareholders exercising warrants, which will be utilized to further develop its high-grade gold discovery project, enhancing the company's financial stability.
- Shareholder Support: The ongoing backing from long-term strategic shareholders like Crescat Capital indicates strong market confidence in Goliath's management and geological team, which is expected to drive further exploration and development in the Golden Triangle.
- Project Potential: The Surebet discovery in the Golden Triangle shows excellent metallurgy with gold recoveries reaching 92.2%, which will enhance the project's economic viability and attract additional investments.
- Infrastructure Advantage: The project is strategically located near communities and permitted milling facilities, with robust transportation and power infrastructure, which is expected to lower operational costs and accelerate project development.
MUX
$19.35+Infinity%1D
Analyst Views on MUX
Wall Street analysts forecast MUX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MUX is 23.67 USD with a low forecast of 21.00 USD and a high forecast of 28.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 18.870
Low
21.00
Averages
23.67
High
28.50
Current: 18.870
Low
21.00
Averages
23.67
High
28.50
About MUX
McEwen Inc, formerly, McEwen Mining Inc., is a gold and silver mining production and exploration company. The Company's operating segments include Canada, the United States, Mexico, Minera Santa Cruz S.A. (MSC) and McEwen Copper Inc. (McEwen Copper). The Canada segment consists of the Fox Complex property, which includes the Froome and Black Fox underground mines; the Grey Fox and Stock advanced-stage projects; the Stock mill; and exploration properties located near the city of Timmins, Ontario, Canada. The United States segment comprises the Gold Bar mine and exploration properties in the State of Nevada. The Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, both located in Sinaloa state. The MSC segment comprises a 49% interest in the San Jose mine in Santa Cruz, Argentina. The McEwen Copper segment includes the Los Azules copper project in the province of San Juan, Argentina, as well as the Elder Creek exploration property in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
