Metals Exploration ( (GB:MTL) ) just unveiled an announcement.
Metals Exploration PLC has announced an agreement to purchase a gold ore processing and concentrating plant from Almaden Minerals Ltd. for $9.7 million. This acquisition, which will be funded from existing cash resources and cash flow, is expected to expedite the development of the La India project in Nicaragua, aiming to commence production by Q4 2026. The plant’s relocation and reassembly will save significant time and costs, reinforcing the company’s commitment to maintaining positive cash flows and fast-tracking project operations.
More about Metals Exploration
Metals Exploration PLC is a gold production, exploration, and development company with assets located in the Philippines and Nicaragua. The company focuses on advancing its gold projects and enhancing its market presence in the mining industry.
YTD Price Performance: 3.74%
Average Trading Volume: 3,799,345
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £142.7M
For an in-depth examination of MTL stock, go to TipRanks’ Stock Analysis page.