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Jangada Mines PLC ( (GB:JAN) ) has issued an update.
Jangada Mines PLC has sold its investment in Blencowe Resources PLC to concentrate on its new gold strategy, particularly the Paranaíta Gold Project in Brazil. The company is now well-capitalized to accelerate exploration and development activities, aiming to upgrade the current gold resource and deliver a Preliminary Economic Assessment (PEA) for a 20,000-ounce-per-year operation. This strategic shift is expected to enhance Jangada’s position as a major gold producer in Brazil, with the potential to significantly increase its gold resource and create long-term value for stakeholders.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resource development company focused on mining operations in Brazil. The company is primarily involved in the gold mining industry, with a significant emphasis on the development of the Paranaíta Gold Project, a high-grade gold-rich porphyry-epithermal system.
Average Trading Volume: 7,946,844
Technical Sentiment Signal: Sell
Current Market Cap: £5.12M
For a thorough assessment of JAN stock, go to TipRanks’ Stock Analysis page.