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Meridian Mining SE ( (TSE:MNO) ) just unveiled an update.
Meridian Mining has achieved a significant milestone with the formalization of the Preliminary Licence for its Cabaçal Gold-Copper-Silver project in the State of Mato Grosso, Brazil. This development marks a crucial step towards restarting production in the region’s modern mining district, with the company now focusing on obtaining the Installation Licence and securing project financing. Additionally, the submission of the Preliminary Licence application for the Santa Helena project highlights Meridian’s commitment to advancing its resource development strategy and establishing the Cabaçal belt as a leading VMS mining camp in Brazil.
The most recent analyst rating on (TSE:MNO) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Meridian Mining SE stock, see the TSE:MNO Stock Forecast page.
Spark’s Take on TSE:MNO Stock
According to Spark, TipRanks’ AI Analyst, TSE:MNO is a Neutral.
Meridian Mining SE faces significant financial challenges with no revenue and negative cash flows, leading to a low financial performance score. However, technical indicators and positive corporate developments, such as promising mineral discoveries and financing, provide some upside potential. Despite these strengths, the company’s negative earnings and lack of dividend yield weigh heavily on its valuation score.
To see Spark’s full report on TSE:MNO stock, click here.
More about Meridian Mining SE
Meridian Mining is focused on the development and exploration of the advanced stage Cabaçal VMS gold-copper project, as well as the initial resource definition at the Santa Helena VMS asset. The company is also engaged in regional exploration of the Cabaçal VMS belt and exploration in the Jaurú & Araputanga Greenstone belts, all located in the State of Mato Grosso, Brazil.
Average Trading Volume: 475,883
Technical Sentiment Signal: Buy
Current Market Cap: C$537M
For a thorough assessment of MNO stock, go to TipRanks’ Stock Analysis page.