Calidus Resources Ltd. (AU:CAI) has released an update.
Calidus Resources reports a strong performance at its Warrawoona Gold Project with a 26% increase in gold production for the March 2024 quarter, reaching 15,118 ounces at a reduced cost. The company’s sales surged with a 40% increase, accumulating $40.5M from gold sales, and it looks forward to an expected production boost in the June quarter with the commencement of treatment of Blue Bar ore. Calidus also completed a $16.5 million placement and restructured its financial arrangements, enhancing its cash flow outlook for the year.
For further insights into AU:CAI stock, check out TipRanks’ Stock Analysis page.
