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G2 Goldfields Inc ( (TSE:GTWO) ) has issued an announcement.
G2 Goldfields Inc. has announced plans to spin out its non-core assets into a new subsidiary, G3 Goldfields Inc., to unlock shareholder value and focus on its core Oko project in Guyana. This strategic move, supported by the board and expected to complete in February 2025, aims to enhance the company’s market position by concentrating efforts on its main project while enabling G3 to further explore and develop additional properties.
More about G2 Goldfields Inc
G2 Goldfields Inc. operates within the mineral exploration and mining industry, primarily focusing on gold exploration. The company is known for its key project, the Oko property in Guyana, and has been integral in the discovery and development of significant gold reserves in the region, including the Aurora Gold Mine.
YTD Price Performance: 6.06%
Average Trading Volume: 133,805
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$503.4M
See more data about GTWO stock on TipRanks’ Stock Analysis page.
