Horizon Gold Ltd (AU:HRN) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Horizon Gold Ltd has sold its entire stake in Alto Metals Limited for $5.16 million, yielding a substantial profit from its initial investment of $3.17 million. The proceeds will be used to advance the Gum Creek Feasibility Study and repay a loan from Zeta Resources Limited. This strategic move supports Horizon’s ambition to become a leading gold producer in Western Australia’s Sandstone district.
For further insights into AU:HRN stock, check out TipRanks’ Stock Analysis page.