Bougainville Copper Limited ( (AU:BOC) ) has shared an update.
Bougainville Copper Limited reported a financial loss of K13.4 million for the year ended 31 December 2024, an increase from the previous year’s loss of K8.3 million. Despite the financial setback, the company made significant progress in its Panguna mine redevelopment project, securing a five-year extension of its EL01 exploration license and signing a Land Access and Compensation Agreement with local landowners. These developments are expected to facilitate pre-feasibility and feasibility studies, crucial for advancing the project. Additionally, the company appointed Johnny Patterson Auna as the new CEO, following the passing of the previous CEO, to lead the company through its next phase of growth.
More about Bougainville Copper Limited
Bougainville Copper Limited is a company involved in the mining industry, focusing on the redevelopment of the Panguna mine in Bougainville. The company is working on securing exploration licenses and developing financial models to support its mining operations.
YTD Price Performance: -19.35%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $89.83M
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