Aguia Resources Limited (AU:AGR) has released an update.
Aguia Resources Limited has successfully proceeded with a strategic acquisition, nearing completion of its takeover of Andean Mining, which is expected to boost its position in the gold sector and enable the recommencement of gold mining at the Santa Barbara mine in Colombia. In addition, Aguia has opted to streamline its focus in Brazil by terminating its interest in the less promising Andrade Copper Project and instead concentrating on exploring its extensive remaining copper and phosphate assets in the region. The company has also appointed a new Brazilian management team to oversee these developments, aiming to generate cash flow and drive long-term growth.
For further insights into AU:AGR stock, check out TipRanks’ Stock Analysis page.
