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The latest update is out from Entree Gold ( (TSE:ETG) ).
Entrée Resources Ltd. has formalized its longstanding Joint Venture Agreement with Oyu Tolgoi LLC, which dates back to 2008. This execution is a critical step in implementing a recent arbitration award, allowing for the transfer of mining licenses necessary for underground development at Hugo North Extension. This formalization marks a progression towards potential restructuring of the agreement to better meet Mongolian legal requirements and enhance economic value for stakeholders.
More about Entree Gold
Entrée Resources Ltd. operates in the mining industry, focusing on mineral exploration and development. The company’s primary market focus includes its interests in the Oyu Tolgoi project, particularly the Hugo North Extension deposit in Mongolia.
YTD Price Performance: 5.54%
Average Trading Volume: 15,636
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $359.9M
See more data about ETG stock on TipRanks’ Stock Analysis page.
