Lexington Gold Ltd. (GB:LEX) has released an update.
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Lexington Gold Ltd. has reported a significant improvement in its financial position for the year ended December 31, 2023, with a net loss reduction to $0.1 million, total assets increasing to $18.2 million, and a solid net cash position of $2.6 million. The company has also made strategic moves in its gold exploration and development endeavors, notably with the acquisition of WRE, which holds substantial gold assets in South Africa’s renowned Witwatersrand gold fields, and has successfully raised funds through share issues and warrants.
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