tiprankstipranks
Peregrine Completes Sale of Gold Project to Capricorn Metals
Company Announcements

Peregrine Completes Sale of Gold Project to Capricorn Metals

Story Highlights
  • Peregrine Gold has sold its Deadman Flat and Perry Creek Project to Capricorn Metals.
  • The deal includes A$1.5 million in shares, milestone payments, and a net smelter royalty.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Discover the Best Stocks and Maximize Your Portfolio:

Capricorn Metals Ltd ( (AU:CMM) ) has provided an announcement.

Peregrine Gold Limited has completed the sale of its Deadman Flat and Perry Creek Project to Capricorn Metals Limited, a leading ASX-listed gold producer. The transaction involved an exchange of A$1.5 million in Capricorn shares and includes future milestone payments and a net smelter royalty, positioning Peregrine for financial improvement and increased exploration activities. The deal is expected to enhance Capricorn’s resource portfolio, potentially impacting its market positioning positively.

More about Capricorn Metals Ltd

YTD Price Performance: 26.59%

Average Trading Volume: 979,114

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$3.28B

For detailed information about CMM stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App