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Barton Gold Holdings Limited ( (AU:BGD) ) has issued an announcement.
Barton Gold Holdings Limited has announced a $17.5 million capital raise, led by Franklin Templeton, to fund the commissioning of its ‘Stage 1’ production by the end of 2026. This capital raise, which includes a $15 million placement and a $2.5 million Share Purchase Plan, is aimed at advancing key projects such as the Central Gawler Mill and Tunkillia Gold Project, enhancing Barton’s position in the gold production industry. The funds will support the company’s strategic initiatives, including feasibility studies, drilling programs, and potential acquisitions, positioning Barton for growth and increased shareholder value.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
More about Barton Gold Holdings Limited
Barton Gold Holdings Limited is a company operating in the precious metals industry, focusing on gold production and exploration. The company is engaged in developing its strategic regional ‘hub and spoke’ model in South Australia’s central Gawler Craton, with projects including the Central Gawler Mill and Tunkillia Gold Project.
Average Trading Volume: 619,566
Technical Sentiment Signal: Buy
For detailed information about BGD stock, go to TipRanks’ Stock Analysis page.