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Santana Minerals Ltd. ( (AU:SMI) ) has provided an update.
Santana Minerals Ltd. has announced that its Bendigo-Ophir project in New Zealand represents a significant gold discovery, potentially becoming one of the lowest-cost gold producers in Australasia. The company is on track to move from discovery to production in five years, aided by New Zealand’s new Fast-track Approvals Law, but requires financing of approximately A$340 million to achieve its production targets.
More about Santana Minerals Ltd.
Santana Minerals Ltd. operates in the mining industry with a focus on gold exploration and production. The company’s primary project is the Bendigo-Ophir project in New Zealand, where it has made a significant gold discovery that is expected to position it as a low-cost gold producer in Australasia.
YTD Price Performance: 7.29%
Average Trading Volume: 1,402,342
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$339.7M
Learn more about SMI stock on TipRanks’ Stock Analysis page.
