Calidus Resources Ltd. (AU:CAI) has released an update.
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Calidus Resources Limited, under the management of KordaMentha, is transitioning its Warrawoona Gold Mine into care and maintenance, with a 12-day processing run planned for the remaining stockpile. Concurrently, a recapitalization and sale process for the company has been initiated. Macmahon Holdings Limited is coordinating with the Receivers and Managers to mitigate the impact on their operations and explore opportunities for their workforce.
For further insights into AU:CAI stock, check out TipRanks’ Stock Analysis page.
