Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Matsa Resources Limited ( (AU:MAT) ) just unveiled an update.
Matsa Resources Limited has announced a positive feasibility study for its Devon Pit Gold Mine, projecting a pre-tax cash flow surplus of A$59.8 million over 18 months at a gold price of A$4,250 per ounce. The study highlights a strong financial outlook with low capital expenditure and high recovery rates, and the project is fully permitted and mine-ready, with potential for further expansion through additional drilling.
More about Matsa Resources Limited
Matsa Resources Limited operates in the mining industry, focusing primarily on gold exploration and production. The company is engaged in developing projects such as the Lake Carey Gold Project, with a market capitalization of A$36.63 million.
YTD Price Performance: 60.0%
Average Trading Volume: 19,757
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €22.19M
For detailed information about MAT stock, go to TipRanks’ Stock Analysis page.
