The latest announcement is out from Aurum Resources Limited ( (AU:AUE) ).
Aurum Resources Limited has completed its off-market takeover bid for Mako Gold Limited, acquiring a 91.38% interest in the company. Following this, Aurum is offering to buy out the remaining convertible securities of Mako, including options expiring in June 2025 and January 2025, under specific terms. This strategic acquisition strengthens Aurum’s position in the mining sector, potentially enhancing its market presence and offering benefits to stakeholders through increased resource control.
More about Aurum Resources Limited
Aurum Resources Limited is a company operating in the mining industry, primarily focused on acquiring and developing mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker AUE.
YTD Price Performance: -13.64%
Average Trading Volume: 1,137,486
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$63.05M
For a thorough assessment of AUE stock, go to TipRanks’ Stock Analysis page.