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Starcore International Mine ( (TSE:SAM) ) has issued an announcement.
Starcore International Mines Ltd. has entered into a Share Purchase Agreement to acquire K Mining SARL, an Ivorian gold exploration company, which holds seven gold permit applications covering a significant area including the Kimoukro Project. This acquisition, subject to ministerial approval in Côte d’Ivoire, aligns with Starcore’s strategic goals of expanding its asset portfolio and exploring promising gold projects in Central Ivory Coast. The agreement includes provisions for additional payments based on the achievement of specific milestones, such as resource estimates and feasibility reports, which could further enhance the company’s growth prospects.
More about Starcore International Mine
Starcore International Mines Ltd. operates in the mining industry, focusing on gold exploration and development. It is known for its strategic expansion and diversification efforts aimed at asset building for shareholders.
YTD Price Performance: 3.85%
Average Trading Volume: 25,631
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$9.03M
For detailed information about SAM stock, go to TipRanks’ Stock Analysis page.
