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An announcement from Aurelia Metals ( (AU:AMI) ) is now available.
Aurelia Metals Limited has announced a significant increase in its mineral resources and ore reserves, with a 12% rise in mineral resources and a 17% increase in ore reserves, primarily driven by copper-dominant sources. This positions the company favorably in the global market for copper, a commodity with sustained demand. The company is also focusing on further exploration and drilling, particularly at its Great Cobar and Federation sites, to enhance future production targets and extend mine life, aiming to deliver sustainable profitability and value for shareholders.
The most recent analyst rating on (AU:AMI) stock is a Buy with a A$0.39 price target. To see the full list of analyst forecasts on Aurelia Metals stock, see the AU:AMI Stock Forecast page.
More about Aurelia Metals
Aurelia Metals Limited is a company operating in the mining industry, primarily focusing on the extraction and production of base metals such as copper, zinc, lead, and gold. The company is engaged in exploration and mining activities, with a market focus on sustaining and expanding its mineral resource base, particularly in copper, which is in strong global demand.
YTD Price Performance: 58.82%
Average Trading Volume: 6,710,237
Technical Sentiment Signal: Buy
Current Market Cap: A$457M
For detailed information about AMI stock, go to TipRanks’ Stock Analysis page.