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G2 Goldfields Inc ( (TSE:GTWO) ) just unveiled an update.
G2 Goldfields Inc. recently held its annual general and special meeting of shareholders, where the approval for the spin-out of its interest in certain non-core assets into a new subsidiary, G3 Goldfields Inc., was achieved. The spin-out plan, which is pending final court and regulatory approvals, is expected to enhance the company’s operational focus and market positioning by allowing G2 to concentrate on its core assets. Additionally, the meeting saw the re-election of directors and approval of a stated capital reduction, among other corporate matters.
More about G2 Goldfields Inc
G2 Goldfields Inc. is a gold exploration company with a focus on Guyana. The company has been involved in the discovery and development of gold resources, including the Aurora Gold Mine, which is Guyana’s largest gold mine. In April 2024, G2 announced an updated mineral resource estimate for its Oko property, highlighting significant gold resources in both the Oko Main Zone and the Ghanie Zone.
YTD Price Performance: 18.18%
Average Trading Volume: 131,618
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$571.1M
Find detailed analytics on GTWO stock on TipRanks’ Stock Analysis page.
