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The latest update is out from Ariana Resources ( (GB:AAU) ).
Ariana Resources has issued 28,880,000 new ordinary shares following an additional investment of US$871,000 by Newmont Ventures Limited. This equity issue is part of Ariana’s strategy to strengthen its financial position, with the new shares expected to be admitted to AIM trading by early February 2025. This move is likely to impact Ariana’s share capital structure and could have implications for shareholder interests and market dynamics.
More about Ariana Resources
Ariana Resources is an AIM-listed company engaged in mineral exploration and development with notable gold interests in Africa and Europe. The company has a major gold development project in Zimbabwe, active gold production in Türkiye, and copper-gold exploration projects in Cyprus and Kosovo. Ariana holds significant stakes in various joint ventures and exploration companies, focusing on high-value mineral projects.
YTD Price Performance: -12.16%
Average Trading Volume: 1,927,507
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.72M
For detailed information about AAU stock, go to TipRanks’ Stock Analysis page.
