Lincoln Gold Mining ( (TSE:LMG) ) just unveiled an announcement.
Lincoln Gold Mining Inc. has completed the acquisition of the Bell Mountain Gold/Silver deposit, positioning itself to become a gold producer. The company plans to finance the project primarily through debt, minimizing share dilution, and aims to start production within 12 to 15 months. The project is expected to generate robust cash flow with a quick payback period, supported by a favorable Preliminary Economic Assessment. An exploration drill program is also planned to potentially increase the resource base.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. operates in the mining industry, focusing on the exploration and development of gold and silver deposits. The company is primarily engaged in the acquisition and advancement of mining projects, with a market focus on becoming a significant gold producer.
YTD Price Performance: 4.00%
Average Trading Volume: 14,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.74M
See more insights into LMG stock on TipRanks’ Stock Analysis page.